City of Albuquerque Affordable Homeownership Assistance

City of Albuquerque Affordable Homeownership Assistance est un second prêt différé pour les futurs propriétaires de Albuquerque, New Mexico, sous la gestion de City of Albuquerque, Department of Health, Housing & Homelessness (Community Development); delivered through nonprofit subrecipients (Homewise and Sawmill Community Land Trust). Since 2018 the City of Albuquerque has contracted annually with local nonprofits to provide down-payment assistance of up to $40,000 to low- and moderate-income homebuyers purchasing a home in Albuquerque. The program is funded with federal CDBG and HOME funds and the City's Workforce Housing Trust Fund through the City's Consolidated Plan / Annual Action Plan, and is delivered through nonprofit subrecipients Homewise and Sawmill Community Land Trust. The City has allocated roughly $1 million per year to the program; the PY2025 Action Plan budgets CDBG $1,279,000, CDBG Program Income $21,000, and HOME Program Income $100,000 to Affordable Homeownership Assistance. Down-payment assistance up to $40,000 for income-qualified buyers purchasing within the City of Albuquerque; paired with homebuyer education and counseling through the delivering nonprofits. Le financement provient de U.S. HUD Community Development Block Grant (CDBG) and HOME Investment Partnerships funds, plus the City of Albuquerque Workforce Housing Trust Fund, administered through the City's Consolidated Plan / Annual Action Plan.

City of Albuquerque Affordable Homeownership Assistance offre jusqu’à $40,000 d’aide. Le programme peut être combiné avec May be combined with first mortgages and other assistance offered by the delivering nonprofit (e.g., Homewise mortgage products) and potentially other DPA sources, subject to subrecipient and HUD rules. Les montants sont les plafonds publiés par le programme, et non une offre — City of Albuquerque, Department of Health, Housing & Homelessness (Community Development); delivered through nonprofit subrecipients (Homewise and Sawmill Community Land Trust) décide de chaque aide individuelle.

City of Albuquerque Affordable Homeownership Assistance est différé : aucun paiement n’est dû avant la vente ou le refinancement du logement, ou le remboursement du premier prêt hypothécaire. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

City of Albuquerque Affordable Homeownership Assistance est ouvert à les futurs propriétaires qui occuperont le logement comme résidence principale. Un cours pour futurs propriétaires est obligatoire, auprès de Homewise; Sawmill Community Land Trust (HUD-certified homebuyer education). Condition de résidence : Property must be located within the City of Albuquerque. Program is administered by the City but delivered through nonprofit subrecipients (Homewise, Sawmill CLT); prospective buyers apply through those nonprofits, not directly to the City. The City's applicant-facing page does not publish detailed eligibility terms (income limits as a percentage/dollar, credit score, DTI, interest rate, lien position, loan term, forgiveness period, repayment trigger, fees); those are set by the delivering nonprofit and HUD CDBG/HOME rules and were left blank rather than guessed. The $40,000 maximum and ~$1M/year funding figures are from the City's affordable-housing documentation and Annual Action Plan. Assistance is subject to annual funding availability. first_time_homebuyer set false because the City program (unlike the SCLT product) is described as serving low/moderate-income homebuyers generally, not exclusively first-time buyers; confirm with the delivering nonprofit.

City of Albuquerque Affordable Homeownership Assistance fixe son plafond de revenus ainsi : Targeted to low- and moderate-income homebuyers per HUD CDBG/HOME income limits for the Albuquerque area; specific percentage and dollar limits are set by the delivering nonprofit subrecipient and HUD limits and were not published on the City's applicant-facing page. Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. Les chiffres du revenu médian de la zone sont publiés par HUD et mis à jour chaque année : consultez le tableau en vigueur pour le comté avant de vous fier à un chiffre.

City of Albuquerque Affordable Homeownership Assistance peut servir pour Single Family, Condo et Townhouse. Les constructions neuves sont admissibles. Les maisons préfabriquées ne sont pas admissibles.

City of Albuquerque Affordable Homeownership Assistance s’adresse aux futurs propriétaires qui achètent à Albuquerque, New Mexico.

Les demandes pour City of Albuquerque Affordable Homeownership Assistance passent par City of Albuquerque, Department of Health, Housing & Homelessness (Community Development); delivered through nonprofit subrecipients (Homewise and Sawmill Community Land Trust), qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire de Delivered by City-contracted nonprofit subrecipients. Prospective buyers contact Homewise (505-243-6566) or Sawmill Community Land Trust (505-764-0359) to apply; assistance is provided on a first-qualified basis subject to annual funding availability. Hey Prescott n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.