DC First time Home Buyers Program HPAP

Real Estate

DC First time Home Buyers: Funds avail for a limited time and must meet income restrictions.
The Home Purchase Assistance Program (HPAP) enables lower-and moderate-income individuals and families to purchase affordable housing in Washington, D.C. Qualified HPAP applicants can receive up to $54,000 in financial assistance to purchase single-family houses, condominiums and cooperative apartments. HPAP funds can be used for acquisition assistance and/or closing costs. The HPAP Acquisition Assistance is in the form of 0 interest 5 year deferred loan. Loan amounts are determined by a combination of factors, including income, household size, and the amount of assets that an applicant can commit toward the purchase price of a home. In addition, all loan recipients are required to maintain their properties in compliance with D.C. Housing Codes.
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