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.
For questions or more info about this program contact me at …. dcrealtor@live.com or call 202/243-4232
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