The
specifics of
Washington DC's Home
Purchase Assistance
Program (HPAP):
Home Purchase
Assistance Program
is a program that
helps low and
moderate income
individuals and
families buy a home
in Washington DC. Up
to $70,000
$40,000 in
financial assistance
is available for
qualified
applicants.
How
do I qualify...
1.
Be the head of
household and a
first time
homebuyer...
2. Be a low
to moderate income
resident...
3. Cannot
have held
residential real
estate interest
within three years
prior to
application...
4.
Must be the
purchaser's primary
residence and be
inside the District
of Columbia...
5.
Have a good credit
rating...
Note:
You don't need to be
a DC resident to
apply but DC
residents
always come
first.
Up to $7,000
$4000
separate closing
assistance is also
available.
*You
need $500 or 50% of
liquid assets
greater than $3,000
*Loan repayment
begins in the sixth
year of the loan and
is amortized over 40
years.
*If you transfer the
property, refinance
the property or if
the property does
not remain your
principal residence,
the entire amount of
the loan is due
immediately....
To apply contact one
of the following
organizations...
Housing
Counseling Services
Inc
2410 17th St NW
Washington DC
20009
202/667-7006-108
Marshall Heights
Community
Development
Organization
3939 Benning RD NE
Washington DC 20019
202/396-1200
Lydia's House
3939 S Capitol St SE
Washington DC 20032
202/373-1050
Latino Economic
Development Corp
2316 18th St NW
Washington DC 20009
202/588-5102-16
University Legal
Services
220 I
St NW St 130
Washington DC 20002
202/547-4747
University Legal
Services
3232 Pennsylvania
Ave SE St 4
Washington DC 20020
202/547-4747 . |
