In December 2016, Mayor Muriel Bowser announced enhancements to homebuyer programs provided by the DC Department of Housing and Community Development (DHCD) that provide District residents with down payment and closing cost assistance. Included in the announced enhancements, Mayor Bowser named DCHFA a co-administrator of the Home Purchase Assistance Program (HPAP).
HPAP – Home Purchase Assistance Program
The Home Purchase Assistance Program (HPAP) provides down payment and closing cost assistance in the form of interest-free loans to qualified applicants for the purchase of their primary residence, to include single family houses, condominiums, or cooperative units. The loan amount is based upon a combination of factors, including household income and size. The loan is subordinate to a first trust mortgage provided by a lender.
HPAP Information and Resources
HPAP Eligibility Criteria:
- Applicant(s) must be a first-time homebuyer (cannot have had an ownership interest in any residential real estate within the three years prior to application).
- Household income must be within the very low-to-moderate income level, based on DHCD’s standards.
- The home being purchased must be for the borrower’s primary residence and must be located within the District of Columbia.
- Possess a good credit rating.
Apply for HPAP
Contact one of the participating Community Based Organizations (CBOs).