Advancing Black Homeownership Community Fund DPA Program

Advancing Black Homeownership Community Fund DPA Program是面向Multiple，Minnesota购房者的延期第二贷款。 Race-targeted Special Purpose Credit Program (ECOA Reg B) for Foundational Black American first-time homebuyers in the 7-county Twin Cities metro. Up to ~$50,000 in flexible DPA, closing cost, rate-buydown, work order, warranty, and inspection assistance. Income $132,400 max combined. 580 FICO. Liquid assets $50,000 max post-close. Multi-month financial coaching required. The Advancing Black Homeownership Community Fund (ABHCF) DPA Program is a Special Purpose Credit Program (SPCP) under ECOA Regulation B providing flexible down payment, closing cost, and ancillary purchase assistance to Foundational Black American first-time homebuyers in the 7-county Twin Cities metropolitan area. Program currently provides up to approximately $50,000 in flexible support per buyer (the $45,000 figure cited in the seed list reflects the standard Interest Form request cap. total stack including interest-rate buydown, work orders, home warranty, and inspection fees can reach $50,000). Funds may be applied to: down payment and closing costs, principal and permanent first-mortgage interest-rate buydown, required repair / work orders, home warranty, and home inspection fees. Income limit: combined income of all buyers $132,400 or less. Liquid assets cap: $50,000 post-closing. Minimum credit score 580 with alternative credit assessments accepted. lighter DTI overlays. First-time homebuyer required (no homeownership in prior 3 years for any borrower). Pre-purchase homebuyer education and one-on-one financial coaching with an ABHCF partner counselor required. Property must be primary residence in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington counties. Maximum purchase price aligned with MN Housing Twin Cities metro Start Up limit ($515,200 in lower-cost census tracts up to $659,550 in Twin Cities high-cost tracts). Program partners include Twin Cities Habitat for Humanity, Minnesota Homeownership Center, Build Wealth Minnesota, NeighborWorks Home Partners, and First Independence Bank. 资金来自Foundation、Philanthropic和Private。

Advancing Black Homeownership Community Fund DPA Program提供最高$45,000的援助。 购房者自付部分：No published minimum borrower contribution; borrower closing-cost contribution per first-mortgage lender overlay (typically 1% from own funds for FHA / Conv). 该项目可与其他援助结合使用，但须遵守各项目的规定。 金额是该项目公布的上限，并非报价——具体每人的援助金额由管理该项目的机构决定。

Advancing Black Homeownership Community Fund DPA Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Structured as a 0% interest deferred / forgivable second-position obligation (terms vary by partner-lender execution和some tranches are pure grants forgiven at closing, others are 0% deferred soft seconds due at sale/refinance/transfer). Per ABHCF, funds are designed to maximize buyer equity capture and minimize repayment burden. 该援助以2nd Lien顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

Advancing Black Homeownership Community Fund DPA Program面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：Strict 3-year FTHB lookback for ALL buyers and co-borrowers (no ownership of primary residence in prior 3 years). No published target-area waiver. 关于信用，该项目说明：580 minimum FICO; alternative credit data (rent, utility, telecom payment history) accepted as compensating documentation. Lighter DTI overlays under SPCP framework. 须参加购房者教育课程，由ABHCF coalition counseling partners: Minnesota Homeownership Center, Twin Cities Habitat for Humanity, Build Wealth Minnesota (culturally-tailored 9-month Sankofa Squared financial coaching curriculum), NeighborWorks Home Partners, and HUD-approved Home Stretch / Framework counselors. Pre-purchase homebuyer education AND one-on-one financial coaching (multi-month engagement) required prior to fund release.提供。 居住要求：Primary buyer must currently reside in the 7-county Twin Cities metro (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington counties) at time of application. Property purchased must be located in the same 7-county metro and serve as borrower's primary residence within 60 days of closing. 公民身份或移民身份：Primary buyer must be U.S.-born (per Foundational Black American definition - born in the United States to descendants of enslaved Africans in the U.S.). Co-borrowers may be U.S. citizen or qualifying lawful resident per first-mortgage product overlays. RACE-RESTRICTED SPECIAL PURPOSE CREDIT PROGRAM (SPCP): At least one buyer (primary buyer) must self-identify as a Foundational Black American - a Black or African American Minnesotan who is a U.S.-born descendant of enslaved Africans in the United States. The program is structured as an ECOA Regulation B Special Purpose Credit Program permitting lawful race-targeted credit terms. Per /dpa skill convention there is no schema flag for race/ethnicity - the racial-targeting criterion is documented HERE in special_requirements. Other requirements: primary buyer must currently reside in the 7-county Twin Cities metro (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington); all buyers must be first-time homebuyers (no ownership in prior 3 years); combined income $132,400 or less; liquid assets at completion of closing $50,000 or less; 580 minimum FICO with alternative credit accepted; pre-purchase education AND multi-month one-on-one financial coaching required; pre-approval for fixed-rate first mortgage required before submitting Interest Form; property must be primary residence within the 7-county metro.

Advancing Black Homeownership Community Fund DPA Program将家庭收入限制在$132,400。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

Advancing Black Homeownership Community Fund DPA Program将房价上限设为$659,550。 符合条件的房屋类型包括Single-family detached, condominium (project-approved), townhouse, PUD, 2-4 unit owner-occupied (1-unit owner-occupied required), Habitat-built homes. Property must be in 7-county Twin Cities metro. 新建房屋符合条件。 预制房屋不符合条件。

Advancing Black Homeownership Community Fund DPA Program在其服务群体中提到了现役军人、预备役人员和国民警卫队成员和遗属配偶。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

Advancing Black Homeownership Community Fund DPA Program服务于在Multiple，Minnesota购房的购房者。

Advancing Black Homeownership Community Fund DPA Program的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Application via online Interest Form on abhfund.org. Coalition reviews eligibility and routes applicant to assigned counseling and lender partners. Fund disbursement at closing via partner lender / Habitat / NeighborWorks closing agent.预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。