First Time Homebuyer Programs in District of Columbia
by:
Iola BonggayThe Department of Housing and Community Development, more commonly referred to as DHCD, is a local government agency in the District of Columbia that is primarily responsible for increasing quality housing and community development opportunities.
The DHCH operates with the mission of creating and preserving opportunities for affordable housing and economic development, as well as revitalizing underserved communities in the District of Columbia.
The DHCD offers quite an array of programs that are specially designed to assist homebuyers in procuring a safe and affordable homes for their families. The agency's most notable programs are the following:
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First Time Homebuyer Programs in District of Columbia
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About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
She also maintains Websites providing resources on environmental grants and grants for youth programs.
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Additional Resources
category - Home Buying Programs
Department of Housing and Urban Development's Dollar Homes Program![](image not found)
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.
Section 8 Housing Choice Voucher Homeownership Program![](image not found)
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.
Downpayment Assistance Program for First Time Homebuyers in Connecticut![](image not found)
The Connecticut Housing Finance Authority has been running the Downpayment Assistance Program in order to financially assist first time home buyers in the process of covering the downpayment and closing costs of purchasing a home.
Down Payment Assistance Loan for First Time Home Buyers in New York![](image not found)
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.