Community Homebuyer Assistance Program (CHAP)

Community Homebuyer Assistance Program (CHAP) ist ein aufgeschobenes Nachrangdarlehen für Eigenheimkäufer in Flagstaff, Arizona. The Community Homebuyer Assistance Program (CHAP) is the City of Flagstaff's flagship locally funded homebuyer assistance program, financed by the City's Housing Bond and administered through Housing Solutions of Northern Arizona (HSNA). CHAP supports first-time / first-time-equivalent homebuyers purchasing within Flagstaff city limits by reducing upfront costs and expanding long-term affordability. CHAP offers two pathways: Option 1 - Home Purchase Assistance: up to $50,000 in 10:1 matching deferred-payment, 0%-interest second-lien funds for households up to 150% AMI ($5,000 buyer contribution required); the loan is repaid through an equity-share formula on sale, transfer, cash-out refinance, or loss of owner-occupancy. Option 2 - Permanent Affordability Pilot: deeper assistance equal to 30% of purchase price (no repayment) for households up to 125% AMI on homes priced at or below $600,000, in exchange for a 99-year renewable ground lease or deed restriction; on resale, sellers retain up to 25% of market appreciation while the remainder stays in the home as public investment. Applicants must have lived or worked in the Flagstaff Metropolitan Planning Organization (FMPO) boundary for at least 12 consecutive months and not have owned a Flagstaff home in the past three years. Up to $50,000 per household in 10:1 matching down payment and closing cost assistance ($5,000 buyer contribution unlocks $50,000 in CHAP assistance). Structured as a 0% interest deferred-payment second lien with no monthly payments while owner-occupied. repaid via equity-share formula at sale, transfer, cash-out refinance, or loss of owner-occupancy. A separate Permanent Affordability Pilot (Option 2) offers 30% of purchase price with no repayment in exchange for a 99-year ground lease/deed restriction limiting resale to 25% of market appreciation. Die Mittel stammen von Local Government und Housing Bond.

Community Homebuyer Assistance Program (CHAP) ist aufgeschoben, es sind also keine Zahlungen fällig, bis die Immobilie verkauft oder refinanziert oder die erste Hypothek abbezahlt ist. Die Rückzahlung wird ausgelöst durch Option 1: Sale, transfer, cash-out refinance, or loss of owner-occupancy (repayment via equity-share formula, no forgiveness). Option 2: Resale governed by deed restriction / ground lease und seller retains up to 25% of appreciation. Die Hilfe wird mit folgendem Rang eingetragen: Subordinate (typically 2nd lien). Erlass- und Rückzahlungsbedingungen legt das Programm fest, und sie können sich ändern – prüfen Sie sie vor dem Antrag auf der offiziellen Programmseite.

Community Homebuyer Assistance Program (CHAP) steht Erst-Hauskäufer und Eigenheimkäufer, die die Immobilie als Hauptwohnsitz bewohnen werden offen. „Erstmalig“ hat hier Ausnahmen: Applicant must not have owned a home in Flagstaff within the past three years; ownership of a home outside Flagstaff is permitted. Zur Kreditwürdigkeit gibt das Programm an: No published minimum; first mortgage lender's underwriting standards apply (program requires applicant be 'mortgage-eligible based on credit and employment'). Ein Kurs für Hauskäufer ist Pflicht, über Housing Solutions of Northern Arizona. Wohnsitzanforderung: Must have lived OR worked within the Flagstaff Metropolitan Planning Organization (FMPO) boundary for at least 12 consecutive months prior to purchase; purchased home must be within Flagstaff city limits. Applicant must not have owned a home in Flagstaff within the past three years (treated as first-time-buyer-equivalent). Must have lived OR worked within the Flagstaff Metropolitan Planning Organization (FMPO) boundary for at least 12 consecutive months prior to purchase. Property must be located within Flagstaff city limits and used as primary residence. Household income must not exceed 150% of Coconino County AMI (Option 1) or 125% AMI (Option 2 Permanent Affordability Pilot). Buyer must contribute at least $5,000 of own funds for the 10:1 match (Option 1). Permanent Affordability pathway requires housing ratio at or below 35% and DTI at or below 45% (up to 50% with City approval) and home price at or below $600,000. Applicants apply through HSNA, complete homebuyer counseling, and choose between Option 1 OR Option 2 (not both). Subordination requests handled by City staff (Marissa.Molloy@FlagstaffAZ.gov).

Community Homebuyer Assistance Program (CHAP) begrenzt das Haushaltseinkommen auf 150 % des Median-Einkommens der Region, das je nach County und Haushaltsgröße variiert. Option 1 (Home Purchase Assistance): household gross income at or below 150% of Coconino County AMI per City's annual AMI table. Option 2 (Permanent Affordability Pilot): at or below 125% AMI. The program's source-data income range of $92,000-$141,875 corresponds to typical 80%-150% AMI brackets at varying household sizes for Coconino County (FY2025 HUD AMI 4-person 100% = ~$94,500; 150% 4-person = ~$141,750). Die Grenze gilt für das gesamte Haushaltseinkommen, nicht nur für das des Kreditnehmers. Die Werte für das Median-Einkommen der Region veröffentlicht HUD, und sie werden jährlich aktualisiert. Prüfen Sie daher die aktuelle Tabelle für das County, bevor Sie sich auf eine Zahl verlassen.

Community Homebuyer Assistance Program (CHAP) begrenzt den Kaufpreis so: Option 1: no published cap. Option 2 (Permanent Affordability Pilot): purchase price must be at or below $600,000. Zu den förderfähigen Immobilienarten gehören Single-Family, Townhome und Condo. Neubauten sind förderfähig.

Community Homebuyer Assistance Program (CHAP) richtet sich an Eigenheimkäufer, die in Flagstaff, Arizona kaufen. Das Programm richtet sich an bestimmte Gebiete: Properties must be purchased within the City of Flagstaff city limits; applicant residency/employment tie-back to Flagstaff Metropolitan Planning Organization (FMPO) boundary.

Anträge für Community Homebuyer Assistance Program (CHAP) laufen über die verwaltende Stelle, die die aktuellen Bedingungen und die Antragsschritte auf ihrer eigenen Website veröffentlicht. Mittel werden reserviert über Open enrollment via Housing Solutions of Northern Arizona; complete the HSNA pre-purchase application (English/Spanish PDF) and submit by email (angelak@housingnaz.org), mail (PO Box 30134, Flagstaff, AZ 86003), or in person; HSNA schedules one-on-one counseling and reserves CHAP funds after a signed purchase contract. Hey Prescott ist kein Kreditgeber und nimmt keine Anträge an. Diese Seite beschreibt das Programm, damit ein Eigenheimkäufer damit zu einem Kreditgeber oder einer Wohnberatung gehen kann.