LiveYpsi Homebuyer Assistance Program

Ang LiveYpsi Homebuyer Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Ypsilanti, Michigan, na pinangangasiwaan ng Eastern Michigan University (Office of the President). LiveYpsi is an employer-assisted homebuyer program that provides eligible Eastern Michigan University (EMU) and EMU Foundation employees with a forgivable loan of $5,000 or $10,000 (depending on property location) to assist with the purchase of a primary residence in the City of Ypsilanti or designated areas of Ypsilanti Township. The loan is forgiven 20% per year over five years as long as the participant remains an eligible employee, occupies the home as their primary residence, and pays property taxes. Created in 2012 to stabilize neighborhoods around EMU's main campus, the program is funded by EMU and Washtenaw County. Eligible expenses include down payment, moving expenses, and home renovations. Forgivable loan of $5,000 or $10,000. 20% forgiven per year over 5 years. Usable for down payment, moving expenses, and renovations. Accrued interest also forgiven at year 5. Ang pondo ay mula sa Eastern Michigan University and Washtenaw County (seed funding originally provided by the DTE Foundation); subject to availability of funds.

Nag-aalok ang LiveYpsi Homebuyer Assistance Program ng tulong mula $5,000 hanggang $10,000, depende sa award tier na kinabibilangan ng bibili ng bahay. Mga award tier: Two amount tiers based on property location: $5,000 or $10,000 (see LiveYpsi map). Ambag ng bibili ng bahay: Not published. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Eastern Michigan University (Office of the President) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang LiveYpsi Homebuyer Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 20% of the loan is forgiven for each year the participant remains an eligible EMU/EMU Foundation employee, occupies the home as primary residence, and timely pays property taxes; failure to meet these terms before year 5 triggers repayment of the unforgiven balance plus accrued interest. 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 LiveYpsi Homebuyer Assistance Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: Not published on official program page. Requirement sa paninirahan: Property must be the participant's primary residence located within the City of Ypsilanti or specific designated areas of Ypsilanti Township (per LiveYpsi map). Loan term: 5-year forgivable loan, 20% forgiven annually, contingent on continued eligible EMU/EMU Foundation employment (appointment of 50% or more), owner occupancy, and timely property tax payment. EMPLOYER-RESTRICTED: open only to regular employees of EMU and the EMU Foundation. Eligible uses include down payment, moving expenses, and home renovations.

Ganito itinatakda ng LiveYpsi Homebuyer Assistance Program ang income limit nito: No income limit published; eligibility is based on being a regular EMU or EMU Foundation employee with an appointment of 50% or more, not on household income. 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 LiveYpsi Homebuyer Assistance Program ang presyo ng pagbili: Not published.

Pinaglilingkuran ng LiveYpsi Homebuyer Assistance Program ang mga bibili ng bahay sa Ypsilanti, Michigan.

Dumadaan sa Eastern Michigan University (Office of the President) ang mga aplikasyon para sa LiveYpsi Homebuyer Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Application submitted to EMU (administered through the Office of the President); subject to availability of funds. 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.