City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program è un prestito condonabile per chi compra casa in Charleston, South Carolina, gestito da City of Charleston Department of Housing and Community Development. The City of Charleston Homeownership Initiative (HI) creates affordable homeownership for low- and moderate-income first-time buyers and supports neighborhood revitalization. The City acquires and transfers properties to housing development partners that build or rehabilitate homes for sale to income-eligible buyers. Down payment and closing cost assistance is available as a zero-interest deferred forgivable loan; City funds are carried through long-term restrictive covenants governing resale value, while partner-agency funds may be secured by a 5- to 10-year note and mortgage. Households earn 50%-120% AMI, must not have owned a home in three years, and must occupy as a primary residence. City-developed homes carry a 90-year affordability covenant. Down payment and closing cost assistance. Zero-interest deferred forgivable loan. Access to newly built or rehabilitated affordable homes. Priority for residents of targeted revitalization neighborhoods. Homebuyer education and counseling. I fondi provengono da Federal (City of Charleston CDBG/HOME funds) and partner-agency funds.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program viene condonato dopo 20 anni, quindi chi resta nella casa per quel periodo non lo restituisce. Il rimborso scatta in caso di Failure to occupy/retain the home as primary residence for the required period; buyer may repay a portion of the original loan. City funds also governed by long-term restrictive covenants on resale value. L'aiuto è iscritto in posizione Subordinate. Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program è aperto a chi compra la prima casa e chi compra casa e ci vivrà come residenza principale. Qui "prima casa" prevede delle eccezioni: Not owned a home in the past three years; exceptions for displaced homemaker, divorced single individual/parent no longer owning, and owner of a property not meeting codes. Sul credito, il programma afferma: Must qualify for the first mortgage and pass a background check; no specific minimum credit score published. È richiesto un corso per chi compra casa, tramite OriginSC (Homeownership Resource Center); Charleston Trident Urban League. Requisito di residenza: Home within the city limits of Charleston; first priority to current/former residents of five target neighborhoods. Zero-interest deferred forgivable DPA; City funds carried through long-term restrictive covenants determining resale value (City-developed homes carry a 90-year covenant); partner-agency funds may be secured by a 5- to 10-year note and mortgage. Buyer may owe repayment of a portion of the loan if occupancy/retention conditions are not met. First-time homebuyer (no ownership in 3 years), primary residence, background check, and ability to qualify for the first mortgage required. Exceptions to the 3-year rule: displaced homemaker; divorced single individual/parent no longer owning; owner of a property not meeting codes. Priority to current/former residents of five target neighborhoods. Homebuyer education via OriginSC or Charleston Trident Urban League; apply via Neighborly portal.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program limita il reddito familiare al 120% del reddito mediano dell'area, che varia in base alla contea e alla dimensione del nucleo familiare. Household income between 50% and 120% AMI for the Charleston-North Charleston-Summerville MSA by household size. Per City FY2025-2026 limits, 120% AMI = $133,080 (4-person); 100% AMI = $110,900 (4-person). Il limite si applica al reddito totale del nucleo familiare, non solo a quello del richiedente del mutuo. I dati sul reddito mediano dell'area sono pubblicati da HUD e aggiornati ogni anno, quindi controlla la tabella attuale della contea prima di basarti su una cifra.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program può essere usato per Single Family. Le nuove costruzioni sono idonee.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program si rivolge a chi compra casa in Charleston, South Carolina. Il programma si rivolge a zone specifiche: First priority to current and former residents of five identified target/revitalization neighborhoods within the City of Charleston.

Le domande per City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program passano da City of Charleston Department of Housing and Community Development, che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. I fondi vengono prenotati tramite Applications via the Neighborly online portal. 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.