HPAP New Lower Assistance Levels

HPAP has new funding, but assistance amounts have been reduced dramatically.

HPAP new assistance limits… See Below from Housing and Community Development website

DC Residents First-Time Homebuyer Seminars

(Washington, DC) – The Department of Housing and Community Development (DHCD) announced new income limits and homebuyer assistance levels for the District’s Home Purchase Assistance Program (HPAP).

Notice of the new income limits and homebuyer assistance levels were published in the DC Register today. DHCD is authorized establish the income limits and homebuyer assistance for the program under the authority of Chapter 25, Title 14, DCMR, Section 2503 and Section 2510 of the rules for HPAP.

Adjustment to the assistance table was necessary due to the current economy and the real estate market.

HPAP provides assistance to eligible low-to-moderate income families, based on the US Department of Housing and Urban Development’s Area Median Income (AMI) of $99,000 for a family of four. Up to $40,000 is available for down payment assistance, and up to $4,000 is available to assist with closing costs.

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You’re currently reading “HPAP New Lower Assistance Levels,” an entry on HPAP DC's Housing Purchase Assistance Program

Published:: February 5, 2009 / 7:23 am

Category:: Buying a Home, HPAP, real estate

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I’m a native Washingtonian, a realtor amazed by the transformation of my town. I don’t like blight and when it disappears I’m pleased. Ten years back there were few condos in DC. Today it’s a total different story, much of the blight has been replaced luxury living towers.

DC’s HPAP is a great program, still there is little knowledge of it among city residents. I want all residents to know of this valuable home purchasing assistance that is available to them..

I make it my business to know what on the market. What amenities are offered. What’s the square footage. The price points… The neighborhoods. Convenience to public transportation. Where are the best values.

Websites: www.matlockrealtor.com, www.dcclout.com email: dcrealtor@live.com

A Prudential Carruthers Realtor contact info: Driect 301/452-2278 Office 202/362-3400 Fax 202/362-4242 address 4050 Chesapeake St NW Washington 20016

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