On December 12th, Mayor Bowser announced several changes to DC’s homebuyer programs which intend to make first-time purchases simpler and more affordable.
The amendments, which will be effective as of January 1st, include increasing the maximum loan amount for the Home Purchase Assistance Program (HPAP) from $50,000 to $80,000, relaxing the HPAP repayment terms for borrowers earning below 80 percent of area median income (AMI), and adding a second HPAP administrator to city staff. HPAP enables households earning up to 110 percent AMI to use down payment assistance to purchase homes in the District.
Learn More about the improvements to the HPAP program HERE
Get Information on Eligibility Requirements and How to Apply HERE