City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program

City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program is down payment assistance for homebuyers in Rockville, Maryland, administered by City of Rockville Housing and Community Development Department (resale managed with Rockville Housing Enterprises). The City of Rockville's MPDU Homeownership Program (distinct from Montgomery County's MPDU program) gives income-eligible first-time homebuyers the chance to buy a city-required below-market 'Moderately Priced Dwelling Unit.' Eligible buyers join a waiting list and are contacted when MPDUs become available; the home must be the owner's primary residence for a 30-year control period. On resale, the unit is offered first to Rockville Housing Enterprises, then to the waiting list, at a city-determined resale price. This is a price-restricted homeownership/affordability program rather than a cash down payment loan or grant. Purchase a home at a below-market MPDU price. Income-eligible first-time buyers. Priority for Rockville residents/workers and households with a member over 55. City-managed resale price protection.

City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program is down payment assistance and is repaid under the terms set by City of Rockville Housing and Community Development Department (resale managed with Rockville Housing Enterprises). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Montgomery County six-hour First-Time Homebuyer Class (Housing Initiative Partnership) or any HUD-approved counseling agency. Residency requirement: Open to all eligible applicants; purchase priority to households that live or work in Rockville and to households with a member older than 55. First-time homebuyer; minimum mortgage of $150,000; 30-year owner-occupancy/control period, no renting; income proof from all adults; Certificate of Eligibility renewed every two years; resale/refinance must follow city guidelines.

City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program sets its income limit as follows: Maximum gross household income limits depend on home pricing and household size (City of Rockville figures range by tier, e.g. 1-person $57,400-$68,838, 4-person up to ~$131,120). All household members over 18 must submit proof of income; income must be within limits when the sales contract is signed. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program serves homebuyers purchasing in Rockville, Maryland.

Applications for City of Rockville Moderately Priced Dwelling Unit (MPDU) Homeownership Program go through City of Rockville Housing and Community Development Department (resale managed with Rockville Housing Enterprises), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.