Community Homebuyer Assistance Program (CHAP)

Ang Community Homebuyer Assistance Program (CHAP) ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Flagstaff, Arizona. The Community Homebuyer Assistance Program (CHAP) is the City of Flagstaff's flagship locally funded homebuyer assistance program, financed by the City's Housing Bond and administered through Housing Solutions of Northern Arizona (HSNA). CHAP supports first-time / first-time-equivalent homebuyers purchasing within Flagstaff city limits by reducing upfront costs and expanding long-term affordability. CHAP offers two pathways: Option 1 - Home Purchase Assistance: up to $50,000 in 10:1 matching deferred-payment, 0%-interest second-lien funds for households up to 150% AMI ($5,000 buyer contribution required); the loan is repaid through an equity-share formula on sale, transfer, cash-out refinance, or loss of owner-occupancy. Option 2 - Permanent Affordability Pilot: deeper assistance equal to 30% of purchase price (no repayment) for households up to 125% AMI on homes priced at or below $600,000, in exchange for a 99-year renewable ground lease or deed restriction; on resale, sellers retain up to 25% of market appreciation while the remainder stays in the home as public investment. Applicants must have lived or worked in the Flagstaff Metropolitan Planning Organization (FMPO) boundary for at least 12 consecutive months and not have owned a Flagstaff home in the past three years. Up to $50,000 per household in 10:1 matching down payment and closing cost assistance ($5,000 buyer contribution unlocks $50,000 in CHAP assistance). Structured as a 0% interest deferred-payment second lien with no monthly payments while owner-occupied. repaid via equity-share formula at sale, transfer, cash-out refinance, or loss of owner-occupancy. A separate Permanent Affordability Pilot (Option 2) offers 30% of purchase price with no repayment in exchange for a 99-year ground lease/deed restriction limiting resale to 25% of market appreciation. Ang pondo ay mula sa Local Government at Housing Bond.

Ipinagpaliban ang Community Homebuyer Assistance Program (CHAP), kaya walang bayarin hanggang maibenta o ma-refinance ang bahay, o mabayaran nang buo ang unang mortgage. Kailangang bayaran kapag may Option 1: Sale, transfer, cash-out refinance, or loss of owner-occupancy (repayment via equity-share formula, no forgiveness). Option 2: Resale governed by deed restriction / ground lease at seller retains up to 25% of appreciation. Nakatala ang tulong bilang lien sa posisyong Subordinate (typically 2nd lien). Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Community Homebuyer Assistance Program (CHAP) sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": Applicant must not have owned a home in Flagstaff within the past three years; ownership of a home outside Flagstaff is permitted. Tungkol sa credit, sinasabi ng programa: No published minimum; first mortgage lender's underwriting standards apply (program requires applicant be 'mortgage-eligible based on credit and employment'). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Housing Solutions of Northern Arizona. Requirement sa paninirahan: Must have lived OR worked within the Flagstaff Metropolitan Planning Organization (FMPO) boundary for at least 12 consecutive months prior to purchase; purchased home must be within Flagstaff city limits. Applicant must not have owned a home in Flagstaff within the past three years (treated as first-time-buyer-equivalent). Must have lived OR worked within the Flagstaff Metropolitan Planning Organization (FMPO) boundary for at least 12 consecutive months prior to purchase. Property must be located within Flagstaff city limits and used as primary residence. Household income must not exceed 150% of Coconino County AMI (Option 1) or 125% AMI (Option 2 Permanent Affordability Pilot). Buyer must contribute at least $5,000 of own funds for the 10:1 match (Option 1). Permanent Affordability pathway requires housing ratio at or below 35% and DTI at or below 45% (up to 50% with City approval) and home price at or below $600,000. Applicants apply through HSNA, complete homebuyer counseling, and choose between Option 1 OR Option 2 (not both). Subordination requests handled by City staff (Marissa.Molloy@FlagstaffAZ.gov).

Nililimitahan ng Community Homebuyer Assistance Program (CHAP) ang kita ng sambahayan sa 150% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Option 1 (Home Purchase Assistance): household gross income at or below 150% of Coconino County AMI per City's annual AMI table. Option 2 (Permanent Affordability Pilot): at or below 125% AMI. The program's source-data income range of $92,000-$141,875 corresponds to typical 80%-150% AMI brackets at varying household sizes for Coconino County (FY2025 HUD AMI 4-person 100% = ~$94,500; 150% 4-person = ~$141,750). Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Community Homebuyer Assistance Program (CHAP) ang presyo ng pagbili: Option 1: no published cap. Option 2 (Permanent Affordability Pilot): purchase price must be at or below $600,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-Family, Townhome, at Condo. Kwalipikado ang bagong gawang bahay.

Pinaglilingkuran ng Community Homebuyer Assistance Program (CHAP) ang mga bibili ng bahay sa Flagstaff, Arizona. Tinutukoy ng programa ang mga partikular na lugar: Properties must be purchased within the City of Flagstaff city limits; applicant residency/employment tie-back to Flagstaff Metropolitan Planning Organization (FMPO) boundary.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Community Homebuyer Assistance Program (CHAP), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Open enrollment via Housing Solutions of Northern Arizona; complete the HSNA pre-purchase application (English/Spanish PDF) and submit by email (angelak@housingnaz.org), mail (PO Box 30134, Flagstaff, AZ 86003), or in person; HSNA schedules one-on-one counseling and reserves CHAP funds after a signed purchase contract. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.