Home PURCHASE ASSISTANCE PROGRAM (HPAP) HomeBuyer ...

GOVERNMENT OF THE DISTRICT OF COLUMBIA DC Department of Housing and Community Development

Polly Donaldson, Director

1800 Martin Luther King Jr. Avenue SE | Washington, DC 20020 202-442-7200 | dhcd.

Home PURCHASE ASSISTANCE PROGRAM (HPAP) HomeBuyer Assistance Table

Effective for HPAP Loans Closed After July 1, 2018

Please note that closing cost assistance for all eligible households will be up to $4,000. The per client gap-financing assistance will cap at $80,000.

The closing cost assistance is distinct from, and in addition to, gap financing assistance, which is shown below.

Maximum

Assistance

1

Very Low-Income Households

Household Size

2

3

4

5

6

Per household income less than or equal to:

7

8

$80,000

$41,000

Low-Income Households

$64,000

$52,600

$46,900 $60,100

$52,750 $67,600

$58,600 $75,150

$63,300 $79,800

$68,000 $84,500

$72,650 $77,350 $89,200 $93,900

$56,000

$56,350 $64,400 $72,450 $80,500

$85,550

$90,550 $95,600 $100,600

$40,000

$65,650 $75,000

Moderate-Income Households

$84,400

$93,750 $99,600 $105,500

$111,350 $117,200

$32,000

$80,400 $91,850 $103,350

$114,850 $122,000 $122,000 $122,000 $122,000

$16,000

$90,250 $103,150 $116,050 $128,900 $137,000 $137,000 $137,000 $137,000

The amount of financial assistance provided to a very low-, low- or moderate-income household shall be the combined total of gap financing assistance and closing cost assistance.

The income limits established shall be reviewed and revised as needed by the Department of Housing and Community Development to stay current with the incomes of households in the Washington, DC area. The review and revisions will be done periodically, provided that the current median income established by the Secretary of the U.S. Department of Housing and Urban Development for the Washington, DC Metropolitan Statistical Area is available.

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