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

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program é um empréstimo perdoável para compradores de imóveis em Charleston, South Carolina, administrado por 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. Os recursos vêm de Federal (City of Charleston CDBG/HOME funds) and partner-agency funds.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program é perdoado após 20 anos, então o comprador de imóvel que permanecer esse tempo não o devolve. O reembolso é acionado por 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. A ajuda é registrada como ônus em posição Subordinate. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program é aberto a compradores do primeiro imóvel e compradores de imóveis que vão morar no imóvel como residência principal. “Primeiro imóvel” tem exceções aqui: 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. Sobre crédito, o programa afirma: Must qualify for the first mortgage and pass a background check; no specific minimum credit score published. É exigido um curso de educação para compradores de imóveis, por meio de OriginSC (Homeownership Resource Center); Charleston Trident Urban League. Requisito de residência: 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 a renda familiar a 120% da renda mediana da região, que varia conforme o condado e o tamanho da família. 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). O limite vale para a renda total da família, não só a do mutuário. Os valores da renda mediana da região são publicados pelo HUD e atualizados todo ano, então confira a tabela atual do condado antes de se basear em um número.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program pode ser usado para Single Family. Construções novas são elegíveis.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program atende compradores de imóveis que compram em Charleston, South Carolina. O programa é voltado para áreas específicas: First priority to current and former residents of five identified target/revitalization neighborhoods within the City of Charleston.

As inscrições para City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program são feitas por meio de City of Charleston Department of Housing and Community Development, que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de Applications via the Neighborly online portal. A Hey Prescott não é uma credora e não aceita inscrições; esta página descreve o programa para que um comprador de imóvel possa levá-lo a um credor ou a um conselheiro habitacional.