Live+Work College Park Program

Ang Live+Work College Park Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa College Park, Maryland, na pinangangasiwaan ng College Park City-University Partnership. The College Park City-University Partnership's Live+Work College Park Program offers $20,000 in down payment and closing cost assistance structured as a zero-interest, 7-year forgivable loan to anyone employed full-time in the City of College Park or the University of Maryland's Discovery District who purchases a home within College Park city limits. No income limit applies; eligibility is based on employment location and home purchase location. The loan is secured by a deed of trust and a 10-year owner-occupancy covenant and is forgiven at the end of the 7-year term if all requirements are met. $20,000 forgivable loan for down payment or closing costs. Zero interest. Forgiven after 7 years if owner-occupied. Stackable with Maryland Mortgage Program and City grants. Open to UMD employees and all College Park employers. No income limit. Ang pondo ay mula sa College Park City-University Partnership (funded jointly by City of College Park and University of Maryland).

Nag-aalok ang Live+Work College Park Program ng tulong na hanggang $20,000. Maaaring isama ang programa sa Maryland Mortgage Program; MMP community partner match; City of College Park New Neighbor Homeownership Grant. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang College Park City-University Partnership ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Live+Work College Park Program pagkalipas ng 7 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale or transfer of property; property ceases to be primary residence; failure to comply with program requirements. Partial repayment in years 1-7; fully forgiven at end of year 7. Nakatala ang tulong bilang lien sa posisyong Second (deed of trust recorded directly after any first 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 Live+Work College Park Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Requirement sa paninirahan: Home must be purchased within the City of College Park, MD. Buyer need not reside in College Park prior to purchase. Applicant (or spouse) must be employed full-time (35+ hours/week) by an employer with a physical address in College Park city limits or the Discovery District. Cannot already own a home in College Park. Application required at least 3 weeks before settlement. $100 origination fee. Right of First Refusal: Partnership has 30-day purchase option if homebuyer sells within 10 years. One loan per employee/address. Contact: David Varnado, (240) 515-6000.

Ganito itinatakda ng Live+Work College Park Program ang income limit nito: No income limit stated in program materials. 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 Live+Work College Park Program ang presyo ng pagbili: No maximum purchase price stated; home must be within College Park city limits. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Townhouse, at Condo. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Para lamang sa mga empleyado ng Must be employed full-time (at least 35 hours/week) by an employer physically located in the City of College Park city limits or at properties owned by the University of Maryland including the Discovery District. Newly hired relocating employees qualify with written provision. One loan per employee. ang Live+Work College Park Program. Ang pagkakabanggit dito ay nangangahulugang binabanggit ng programa ang grupo, hindi na sapat na ang pagiging miyembro para maging kwalipikado ang isang aplikante — nalalapat pa rin ang iba pang patakaran sa eligibility.

Pinaglilingkuran ng Live+Work College Park Program ang mga bibili ng bahay sa College Park, Maryland. Tinutukoy ng programa ang mga partikular na lugar: City of College Park city limits, Prince George's County, Maryland. Employer must be in College Park city limits or Discovery District.

Dumadaan sa College Park City-University Partnership ang mga aplikasyon para sa Live+Work College Park Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng First-come, first-served pending availability. Funds reserved up to 90 days upon approval. Application due at least 3 weeks before settlement. 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.