PHA Opening Doors to Affordable Homeownership Program (ODAHP)

PHA Opening Doors to Affordable Homeownership Program (ODAHP) è un secondo mutuo per chi compra casa in Philadelphia, Pennsylvania, gestito da Philadelphia Housing Authority (PHA), Homeownership Department. The Opening Doors to Affordable Homeownership Program consolidates the Philadelphia Housing Authority's homeownership initiatives under its Homeownership Department: the Section 5h scattered sites program, the Housing Choice Voucher homeownership program, and newer financing options. Participants work with PHA's Homeownership Department to review their financial status, credit standing and household goals, and must complete approved homeownership counseling and financial literacy courses. Participants choose one form of financing support. A soft second mortgage of up to a maximum of $50,000 per household may be provided, provided that the household is not receiving other PHA homeownership assistance. In lieu of monthly voucher assistance, participants may instead take one-time down payment assistance up to a maximum of $15,000 per household. A lease to purchase option escrows a portion of the tenant rent during the lease period and applies it to the down payment at the time of purchase. Households may alternatively keep monthly Housing Assistance Payments for up to 15 or 30 years. PHA authorizes only the minimum amount needed to close the affordability gap based on individual household circumstances. Residents in PHA's homeownership pipeline are encouraged to enroll in the Turn the Key program, where PHA residents receive first preference for homeownership units built on land PHA transferred to the City Land Bank. I fondi provengono da PHA Moving to Work funding.

PHA Opening Doors to Affordable Homeownership Program (ODAHP) offre un aiuto fino a $50,000. Gli importi sono i massimi pubblicati dal programma, non un'offerta: è Philadelphia Housing Authority (PHA), Homeownership Department a stabilire l'eventuale importo per ciascuna persona.

PHA Opening Doors to Affordable Homeownership Program (ODAHP) viene condonato dopo 20 anni, quindi chi resta nella casa per quel periodo non lo restituisce. Il rimborso scatta in caso di Default that is not cured during the 20-year recapture period; the amount PHA recoups decreases 5% annually over the term. L'aiuto è iscritto in posizione 2. Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

PHA Opening Doors to Affordable Homeownership Program (ODAHP) è aperto a chi compra la prima casa. "Chi compra la prima casa" di solito indica chi non ha posseduto una casa negli ultimi tre anni, ma il programma stabilisce una propria definizione. È richiesto un corso per chi compra casa. Requisito di residenza: Open to Philadelphia Housing Authority public housing residents and Housing Choice Voucher program participants. Participants must meet all program eligibility requirements, including successful completion of approved homeownership counseling and financial literacy courses. The soft second mortgage option is available provided that the household is not receiving other PHA homeownership assistance. Participants receiving down payment assistance or a soft second mortgage are not recertified. PHA staff work to maximize household eligibility for other non-PHA down payment and closing cost assistance. If demand exceeds available budget, PHA establishes a wait list based on date and time of application. PHA ceased new enrollments in the Public Housing Section 5h scattered-sites program during FY 2026.

PHA Opening Doors to Affordable Homeownership Program (ODAHP) si rivolge a chi compra casa in Philadelphia, Pennsylvania.

Le domande per PHA Opening Doors to Affordable Homeownership Program (ODAHP) passano da Philadelphia Housing Authority (PHA), Homeownership Department, che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. Hey Prescott non è un istituto di credito e non accetta domande; questa pagina descrive il programma perché chi compra casa possa parlarne con un istituto di credito o un consulente abitativo.