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Tenacity Condo Sales > DC Homebuyer Assistance
First-Time Homebuyer’s Tax Credit
$5,000 federal income tax credit is available to first-time homebuyers in the D.C.
www.irs.ustreas.gov
Employer Assisted Housing Program
The DC Employer Assisted Housing program provides grants and deferred loans up to $11,500 to employees of the DC government who are first-time homebuyers in DC.
www.dhch.dcgov.org
202.777.7006
Housing Counseling Service, Inc.
2430 Ontario Road, NW
Washington, DC 20009
Individual Development Account (IDA) Program; MANNA, Inc.
This program fosters saving toward the down payment on a home, and assists participants with improving their credit while learning how to be successful homeowners.
www.mannadc.org
202.832.1845
MANNA, Inc.
828 Evarts St., NE
Washington, DC 20018
Individual Development Account (IDA); Marshall Heights Community Development Organization
Through the IDA program, individuals open an IDA account at a specified local bank with an initial deposit of $400. IDA participants then develop a monthly savings plan to reach a savings goal. MHCDO matches $2 for every $1 saved by the participant.
www.mhcdo.org/housing/ida.htm
202.396.1201 ext.135
Marshall Heights Community Organizatoin
3939 Benning Rd., NE
Washington, DC 20019
Housing Purchase Assistance Program (HPAP)
HPAP provides interest-free or low-interest loans for down payments, closing costs or other expenses associated with buying a house, a condominium or a cooperative in the District. Amount of loan is adjusted to reduce the total monthly mortgage payment to 28% of household’s monthly gross income. For very low income families repayment of loans is deferred until house is sold.
http://www.dhch.dcgov.org
202.442.7290
Department of Housing and Community Development
801 North Capitol Street, NE
Suite 8000
Washington, DC 20002
Single-Family Mortgage Revenue Bonds
The DC Housing Finance Agency (HFA) finances below-market rate loans to low- and moderate-income residents using proceeds from the sale of Single Family Mortgage Revenue Bonds.
http://www.dchfa.org
202.777.1600
DC Housing Finance Agency
815 Florida Avenue, NW
Washington, DC 20001
Scattered Site Program
The Scattered Sites Projects mission is two-pronged: to invigorate neighborhoods and communities in the District of Columbia by renovating abandoned houses, and to provide affordable opportunities by marketing these renovations to low- and moderate-income families, especially first-time homebuyers.
http://www.micasainc.com
202.232.1375
Mi Casa Inc.
1769 Lanier Place
Washington, DC 20009
Metropolitan Police Housing Assistance Program (MPHPAP)
The program matches down payment funds up to $1,500 (programs provides $500 for each $2,500 saved by an employee). The program includes deferred payment loans up to $10,000, ability to keep assigned patrol car during off-duty hours, an income tax credit of $2,000 per year for five years and a sliding-scale, five year property tax credit.
http://www.dchcd.dcgov.org
202.777.7006
Housing Counseling Services, Inc.
2430 Ontario Road, NW
Washington, DC 20009
