Madison County Down Payment Assistance + Rehabilitation Grant

Ang Madison County Down Payment Assistance + Rehabilitation Grant ay isang grant para sa mga bibili ng bahay sa Madison County, New York. The Madison County Down Payment Assistance + Rehabilitation Grant Program, administered by the Homeownership Center, Inc. (HOC), provides up to $40,000 in combined DPA, closing cost, and rehabilitation grant funding to income-qualified first-time buyers purchasing a 1-2 family primary residence in Madison County. Funded by NYS HCR Affordable Home Ownership Development Program (AHODP) and HUD HOME, the grant covers down payment, closing costs, and identified rehabilitation work needed to bring the property up to HQS-equivalent standards. The grant is forgivable over a 10-year affordability period with pro-rata recapture if owner-occupancy is lost. Combined down payment, closing cost, and rehabilitation grant of up to $40,000 (typically split between DPA portion and rehab portion) for income-qualified first-time buyers purchasing a primary residence in Madison County. Funded by NYS HCR Affordable Home Ownership Development Program (AHODP) and HUD HOME via the Homeownership Center, Inc. Provided as a forgivable grant subject to a 10-year affordability period. Ang pondo ay mula sa HOME, NYS HCR, AHODP, Federal, at State.

Ang Madison County Down Payment Assistance + Rehabilitation Grant ay isang grant, kaya hindi ito binabayaran. Kailangang bayaran kapag may Pro-rata recapture of unforgiven balance if borrower sells, transfers, refinances with cash-out, rents, or vacates within 10 years. Nakatala ang tulong bilang lien sa posisyong 2. 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 Madison County Down Payment Assistance + Rehabilitation Grant 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": First-time buyer required; standard HUD exceptions for displaced homemakers and single parents apply. Tungkol sa credit, sinasabi ng programa: No fixed minimum published; per first-mortgage product (typically 620+ conventional, 580+ FHA). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Homeownership Center, Inc. (HUD-approved counseling agency); pre-purchase education and one-on-one counseling required. Requirement sa paninirahan: Property must be located within Madison County and used as borrower's principal residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per HUD HOME and first-mortgage rules. First-time buyer required (no homeownership in past 3 years). Property must be a 1-2 family home located within Madison County and used as principal residence. Income at or below 120% AMI: 1-person ~$55,800 to 4-person ~$128,700 (HUD FY2025; higher 120% threshold reflects NYS AHODP eligibility). Buyer must complete HOC's HUD-approved homebuyer education and one-on-one counseling. Property must undergo HQS-equivalent inspection and identified rehab work must be completed by approved contractors. Combined DPA + rehab grant subject to 10-year affordability period; pro-rata recapture if home is sold, transferred, refinanced with cash-out, or no longer owner-occupied within 10 years.

Nililimitahan ng Madison County Down Payment Assistance + Rehabilitation Grant ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income at or below 120% HUD AMI for Madison County (Syracuse MSA): 1-person ~$55,800 to 4-person ~$128,700 (HUD FY2025; NYS AHODP threshold). Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Nakalista sa programa ang pinakamalaking laki ng sambahayan na 8. 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 Madison County Down Payment Assistance + Rehabilitation Grant ang presyo ng pagbili: Per HUD HOME 95% median-value rule and NYS AHODP guidelines for Madison County. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, 2-family owner-occupied, at Manufactured home (on owned land). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Madison County Down Payment Assistance + Rehabilitation Grant ang mga bibili ng bahay sa Madison County, New York.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Madison County Down Payment Assistance + Rehabilitation Grant, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Apply via Homeownership Center after pre-purchase counseling completed and purchase contract executed; first-come, first-served subject to fund availability. 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.