Department of Housing and Community Development

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Home Purchase Assistance Program (HPAP)

The Home Purchase Assistance (HPAP) program provides interest-free loans and closing cost assistance to qualified applicants to purchase single family houses, condominiums, or cooperative units. The loan amount is based on a combination of factors, including; income, household size, and the amount of assets that each applicant must commit towards a property’s purchase. The loan is subordinate to a private first trust mortgage. As of 2015, eligible applicants can receive a maximum of $50,000 in gap financing assistance and an additional $4,000 in closing costs assistance. The HPAP 0% interest loan is deferred for the first five-years, and amortized over 40 years. . The maximum first trust loan amount cannot exceed $417,000, the conventional conforming loan limit.

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