Home Ownership Assistance (First Time Homebuyer or Direct Homeownership Assistance Program (DHAP)) is a grant funded service that provides financial assistance to first time homebuyers in order to cover down payment and/or closing costs, plus property rehabilitation expenses when needed.
The below section is a general overview of the program and does not include all program requirements:
HOMEOWNERSHIP COUNSELING: Qualified applicants will be required to attend a Homebuyer Education Course as a contingent of receiving a grant to assist with down payment, closing costs and rehabilitation costs. Neighbors of Watertown offers the course locally.CHOOSING A HOME: No home with a sales price over $125,000 may be purchased through this Program unless it the size of the family requires a larger home and the mortgage payment is lower than 30% of the adjusted family income. ELIGIBLE IMPROVEMENTS: Home improvements to the proposed Project are items that have "failed" on the HUD Quality Standards Inspection Form. REHABILITATION DOES NOT INCLUDE THE FOLLOWING: Landscaping, Fireplaces, Blacktopping driveways, Woodstoves, Washer or dryer, Slate roofs or cedar shake roofs, Air conditioner, Window walls, Room partitions, Skylights Room additions, Luxury items (swimming pools, Garages, saunas, whirlpools), nor Moving house to new foundation(s).
If you are interested in participating in the Home Ownership Assistance Program select JOIN OUR WAITLIST below!
In order to repair your home, you must meet fall within a certain percentage of the county median income. This chart below will help you to determine where you are. For more information on what limits particular grants use, click here.
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