Homeownership Opportunities DHCD provides a number of incentives to individuals who buy houses in the District and to developers who build housing for low and moderate income buyers. For information on any of these programs, Ask the Director or call (202) 442-7200. Homestead Housing Preservation Program The Homestead Housing Preservation program enables first-time homebuyers to purchase tax delinquent real properties and Department of Housing and Community Development foreclosures for as little as $250 per unit. In exchange, the homebuyer must complete a homeownership training course, rehabilitate the property, reside in the property for a minimum of five years, and return it to the real property tax rolls. Low and moderate-income participants receive a $10,000 deferred mortgage to assist them with gap financing. Brochure* Single Family Residential Rehabilitation Program The Single Family Residential Rehabilitation program is a source of low-cost financing for the rehabilitation of owner-occupied single unit residential housing in the District of Columbia, to bring them up to housing code.  The program provides no-interest loans that are either permanently deferred or amortized for up to 20 years, depending on the financial circumstances of the borrower.  The program also provides grants for lead-based paint hazard abatement and modifications needed to make the home accessible to persons with mobility impairments.  DHCD is contemplating expanding the program to 2-4 unit, owner-occupied properties and investor-owned properties in Fiscal Year 2006.. Fact Sheet Senior Citizen Home Repair and Improvement Program The Senior Citizen Home Repair and Improvement program provides deferred loans to elderly homeowners to make emergency home repairs for housing deficiencies that threaten their health and safety. Fact Sheet Page 4 of 4      1  2  3  4   * This document is presented in Portable Document Format (PDF). A PDF reader is required for viewing. Download a PDF Reader or Learn More About PDFs