Earlier this year, DC's Home Buying Assistance Program (HPAP) ran out of funds for homebuyers already under contract on homes around the city. As the new fiscal year begins, they are implementing a tool to avoid that happening again.
Earlier this year, DC's Home Purchase Assistance Program (HPAP) ran out of funds for homebuyers already under contract on homes around the city. As the new fiscal year begins, they are implementing a tool to avoid that happening again.
DC's Department of Housing and Community Development (DHCD) has created a dashboard for current HPAP funds that will be updated weekly.
HPAP gives first-time homebuyers in DC interest-free loans and help with closing costs to those who qualify. The amount awarded is based on income, the size of your household, and the amount of your down payment. HPAP offers a maximum of $202,000 in assistance and an additional $4,000 in closing costs.
For more details on HPAP eligibility, click here.