Assistance is based on need, household income, family size and availability of funding and services.
The potential homebuyer's liquid assets cannot exceed $5,000, which does not include necessary personal property such as furniture, automobiles and clothing.
Approved extremely-low and very–low income households are eligible for up to $50,000 in assistance.
Approved low-income households are eligible for up to $40,000 in assistance.
Approved moderate-Income households are eligible for up to $30,000 in assistance.
Rehabilitation assistance for existing homes shall not exceed $15,000.
Repayment Provisions
All city assistance provided (including lot contributions) becomes due and payable in full:
If the homebuyer(s) ceases to occupy the property as their principal residence.
In the event of rental, sale, refinance and/or transfer of the property or any interest in the property.