Develop Louisville Down Payment Assistance Program

Ang Develop Louisville Down Payment Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Louisville, Kentucky, na pinangangasiwaan ng Louisville Metro Government, Office of Housing & Community Development (Develop Louisville). Develop Louisville's Office of Housing & Community Development offers down payment and closing cost assistance to low- and moderate-income homebuyers purchasing in Louisville/Jefferson County. Assistance is a partially forgivable 0% interest second mortgage of up to 20% of the purchase price, capped at $40,000, based on need. Buyers occupy as primary residence for a 5- or 10-year affordability period; 50% is forgiven by the end and the remainder is due interest-free only at sale. 0% interest forgivable second mortgage. Up to 20% of purchase price (max $40,000). 50% forgiven by end of affordability period. No prepayment penalty. Remaining balance interest-free, due only at sale. Available to repeat buyers who don't currently own. Ang pondo ay mula sa Federal HOME Investment Partnerships Program (HUD).

Nag-aalok ang Develop Louisville Down Payment Assistance Program ng tulong na hanggang $40,000. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Louisville Metro Government, Office of Housing & Community Development (Develop Louisville) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Develop Louisville Down Payment Assistance Program pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Remaining (unforgiven) principal is due upon sale; 50% forgiven by end of the 5- or 10-year affordability period. Loans <=$14,999: 5-year POA, 50% forgiven at year 5. Loans $15,000-$40,000: 10-year POA, 10% forgiven per year years 6-10. Nakatala ang tulong bilang lien sa posisyong Second mortgage. 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 Develop Louisville Down Payment Assistance Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: No minimum credit score; credit report must show no unpaid collections/charge-offs and no undischarged bankruptcies. Up to $10,000 medical collections allowed. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Minimum 6 hours of homeownership counseling from a HUD-certified agency (Apprisen, eHome America, REACH KY, HPI, Louisville Urban League). Requirement sa paninirahan: Home must be purchased within Louisville/Jefferson County Metro area. Buyer must complete 6 hours of HUD-certified counseling, obtain lender pre-approval (no co-signers), make a minimum $500 contribution plus recording fee, and have at least $2,000 across bank accounts. Front-end target 25-30%; back-end max 43% (50% incl. student loans). Liquid assets $15,000+ must be partially contributed. Home must pass Metro + private inspection; not eligible if in a flood plain. First-come, first-served, subject to Case Review Board approval.

Nililimitahan ng Develop Louisville Down Payment Assistance Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household gross income at or below 80% of HUD area median, adjusted for family size. 2024: 1p $54,000; 2 $61,700; 3 $69,400; 4 $77,100; 5 $83,300; 6 $89,450; 7 $95,650; 8 $101,800. 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.

Nililimitahan ng Develop Louisville Down Payment Assistance Program ang presyo ng pagbili sa $260,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Condo, Co-op, Modular, at 2-4 Unit. Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Develop Louisville Down Payment Assistance Program ang mga bibili ng bahay sa Louisville, Kentucky. Tinutukoy ng programa ang mga partikular na lugar: Encourages homeownership in Metro's Neighborhood Revitalization Strategy Area (Russell) and vacant/abandoned property reinvestment; can combine with the Louisville Affordable Housing Trust Fund REVERT program.

Dumadaan sa Louisville Metro Government, Office of Housing & Community Development (Develop Louisville) ang mga aplikasyon para sa Develop Louisville Down Payment Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. 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.