What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
Newly-Proposed Bill Would Expand HPAP Eligibility in DC
Last week, a Greater Greater Washington piece illustrated how many DC residents earn too much to take advantage of the city's Home Purchase Assistance Program (HPAP), yet can't afford to buy a house. Now, a new piece of legislation aims to fill that HPAP eligibility gap.
On Tuesday, DC councilmembers introduced a bill that would amend the Home Purchase Assistance Fund Act of 1978 to raise the maximum award limit and the minimum assistance awarded to higher-earning households.
story continues below
loading...story continues above
If the Home Purchase Assistance Program Amendment Act of 2018 passes, applicants who earn up to 120 percent of the area median income will be guaranteed a minimum award of $32,000 in home purchase assistance.
The introduction of this bill is the latest in a string of efforts the city has made toward creating more housing that is affordable to the city's workforce, from strategic partnerships by the Housing Finance Agency to the recent conditional auction of 33 vacant and blighted parcels.
See other articles related to: council of dc, first-time buyers, home purchase assistance program hpap, hpap, workforce housing
This article originally published at https://dc.urbanturf.com/articles/blog/newly-proposed-bill-would-expand-hpap-eligibility/13546.
Most Popular... This Week • Last 30 Days • Ever
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro