Homeownership Programs

Homeownership Programs

DCHFA’s Single Family Programs division manages all of the Agency’s homeownership programs with the goal of expanding and retaining homeownership opportunities in the District of Columbia.

DC Open Doors

DC Open Doors (DCOD) is your key to homeownership in the city. The program offers fully forgivable second trust loans on a buyer’s minimum down payment requirement in addition to below market interest rates for first trust mortgages for the purchase of homes in the District of Columbia. Qualified first-time and repeat buyers are eligible for the program.

Mortgage Credit Certificate

The Mortgage Credit Certificate (MCC) provides an additional incentive for first-time homebuyers to purchase a home in the District of Columbia. An MCC provides qualified borrowers the ability to claim a Federal Tax Credit of 20 percent of the mortgage interest paid during each calendar year.

Home Purchase Assistance Program (HPAP)

DCHFA serves as a co-administrator of the DC Department of Housing and Community Development’s (DHCD) first time homebuyer program HPAP. The program provides down payment and closing cost assistance in the form of interest-free loans and closing cost assistance to qualified applicants for the purchase of their primary residence, to include single family houses, condominiums, or cooperative units.

DCHFA administers HPAP applicants considered Very Low- and Low-Income tier households in accordance to DHCD’s income standards.

HomeSaver

The HomeSaver Program is a foreclosure prevention resource for unemployed or underemployed District homeowners that are at risk of losing their homes due to foreclosure or delinquent real property taxes. The program is funded through the U.S. Department of the Treasury’s Hardest Hit Fund.