The DC Department of Housing and Community Development, pursuant to the authority in Chapter 25, Title 14, DCMR, Section 2503 and Section 2510 of the rules for the Home Purchase Assistance Program (HPAP), hereby gives notice that it has established the income limits and homebuyer assistance for participation of very low income, low income and moderate income households in the HPAP for 2015.
The income limits have been determined based on the area median income of $107,000 established by the Secretary of the U.S. Department of Housing and Urban Development for the Washington, DC Metropolitan Statistical Area. The amounts have been calculated based on Section 2510 of the HPAP Program rules. The first time Homebuyer Assistance Table reflects the amount of assistance for home purchases through gap financing for first time homebuyers in an amount up to $50,000 plus $4,000 for closing cost assistance. The assistance provided is based on household income and size and shall be effective upon publication of this Notice in the D.C. Register. The Assistance Table shall be effective on Friday, September 25, 2015.