Newberry Affordable Homeownership Program (Down Payment Assistance)

Ang Newberry Affordable Homeownership Program (Down Payment Assistance) ay isang loan na mapapatawad para sa mga bibili ng bahay sa Detroit, Michigan, na pinangangasiwaan ng MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions). A place-based affordable homeownership program by MiSide (formerly Southwest Solutions) converting 60 former LIHTC rental homes in the Newberry/Chadsey-Condon area of SW Detroit to owner-occupancy. All buyers receive down payment assistance, and eligible buyers receive up to $20,000 as a conditional grant forgiven after five years of owner-occupancy. Homes sell for about $69,000 on 15-year mortgages, with required free homebuyer education; current Newberry renters get priority. Up to $20,000 forgivable DPA grant. Below-market ~$69,000 purchase price on a 15-year mortgage. Free homebuyer education and credit/financial counseling. Ang pondo ay mula sa Private philanthropy - $2.5M Sam L. and Judith G. Yaker Fund, plus an anonymous $100,000 gift and an HBA Charitable & Educational Foundation grant. Not federal HOME/CDBG.

Nag-aalok ang Newberry Affordable Homeownership Program (Down Payment Assistance) ng tulong na hanggang $20,000. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Newberry Affordable Homeownership Program (Down Payment Assistance) pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale, transfer, refinance, or loss of owner-occupancy before completion of the 5-year residency period; fully forgiven after 5 years of owner-occupancy. Nakatala ang tulong bilang lien sa posisyong second. 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 Newberry Affordable Homeownership Program (Down Payment Assistance) sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng MiSide (formerly Southwest Solutions) HUD-approved, MSHDA-certified Homebuyer Education; online ehome America course accepted as equivalent. Requirement sa paninirahan: Program limited to the Newberry community, an 8-block area in the Chadsey-Condon neighborhood of southwest Detroit; current renters get priority. LOAN TERM: conditional/forgivable DPA up to $20,000, 0% interest, no monthly payments, secured by a recorded lien; forgiven after 5 years of continuous owner-occupancy; recapture if borrower sells/refinances/vacates before 5 years. Buyers purchase one of 60 specific Newberry homes (~$69,000) on a 15-year mortgage. Funded entirely by private philanthropy (not federal). Distinct from the City of Detroit DPA (National Faith Homebuyers).

Ganito itinatakda ng Newberry Affordable Homeownership Program (Down Payment Assistance) ang income limit nito: Targeted to low- and moderate-income families; the 60 Newberry homes were originally LIHTC affordable rental housing; current renters get priority. Specific thresholds not published. 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 Newberry Affordable Homeownership Program (Down Payment Assistance) ang presyo ng pagbili sa $69,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family. Hindi kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Newberry Affordable Homeownership Program (Down Payment Assistance) ang mga bibili ng bahay sa Detroit, Michigan. Tinutukoy ng programa ang mga partikular na lugar: 60 former LIHTC rental single-family homes in the Newberry area of Chadsey-Condon, SW Detroit, transitioning to owner-occupancy. Mga target na kapitbahayan: Newberry community (8-block area), Chadsey-Condon, southwest Detroit.

Dumadaan sa MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions) ang mga aplikasyon para sa Newberry Affordable Homeownership Program (Down Payment Assistance), 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.