City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program

Ang City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Charleston, South Carolina, na pinangangasiwaan ng City of Charleston Department of Housing and Community Development. The City of Charleston Homeownership Initiative (HI) creates affordable homeownership for low- and moderate-income first-time buyers and supports neighborhood revitalization. The City acquires and transfers properties to housing development partners that build or rehabilitate homes for sale to income-eligible buyers. Down payment and closing cost assistance is available as a zero-interest deferred forgivable loan; City funds are carried through long-term restrictive covenants governing resale value, while partner-agency funds may be secured by a 5- to 10-year note and mortgage. Households earn 50%-120% AMI, must not have owned a home in three years, and must occupy as a primary residence. City-developed homes carry a 90-year affordability covenant. Down payment and closing cost assistance. Zero-interest deferred forgivable loan. Access to newly built or rehabilitated affordable homes. Priority for residents of targeted revitalization neighborhoods. Homebuyer education and counseling. Ang pondo ay mula sa Federal (City of Charleston CDBG/HOME funds) and partner-agency funds.

Pinapatawad ang City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program pagkalipas ng 20 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Failure to occupy/retain the home as primary residence for the required period; buyer may repay a portion of the original loan. City funds also governed by long-term restrictive covenants on resale value. Nakatala ang tulong bilang lien sa posisyong Subordinate. 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 City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program 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": Not owned a home in the past three years; exceptions for displaced homemaker, divorced single individual/parent no longer owning, and owner of a property not meeting codes. Tungkol sa credit, sinasabi ng programa: Must qualify for the first mortgage and pass a background check; no specific minimum credit score published. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng OriginSC (Homeownership Resource Center); Charleston Trident Urban League. Requirement sa paninirahan: Home within the city limits of Charleston; first priority to current/former residents of five target neighborhoods. Zero-interest deferred forgivable DPA; City funds carried through long-term restrictive covenants determining resale value (City-developed homes carry a 90-year covenant); partner-agency funds may be secured by a 5- to 10-year note and mortgage. Buyer may owe repayment of a portion of the loan if occupancy/retention conditions are not met. First-time homebuyer (no ownership in 3 years), primary residence, background check, and ability to qualify for the first mortgage required. Exceptions to the 3-year rule: displaced homemaker; divorced single individual/parent no longer owning; owner of a property not meeting codes. Priority to current/former residents of five target neighborhoods. Homebuyer education via OriginSC or Charleston Trident Urban League; apply via Neighborly portal.

Nililimitahan ng City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income between 50% and 120% AMI for the Charleston-North Charleston-Summerville MSA by household size. Per City FY2025-2026 limits, 120% AMI = $133,080 (4-person); 100% AMI = $110,900 (4-person). Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. 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.

Magagamit ang City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program para sa Single Family. Kwalipikado ang bagong gawang bahay.

Pinaglilingkuran ng City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program ang mga bibili ng bahay sa Charleston, South Carolina. Tinutukoy ng programa ang mga partikular na lugar: First priority to current and former residents of five identified target/revitalization neighborhoods within the City of Charleston.

Dumadaan sa City of Charleston Department of Housing and Community Development ang mga aplikasyon para sa City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Applications via the Neighborly online portal. 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.