Transcription of HOME PURCHASE ASSISTANCE PROGRAM (HPAP) …
1 GOVERNMENT OF THE DISTRICT OF COLUMBIA DC Department of Housing and community Development 1800 Martin Luther King Jr. Avenue SE | Washington, DC 20020 202-442-7200 | PURCHASE ASSISTANCE PROGRAM (HPAP) HomeBuyer ASSISTANCE Table Effective for HPAP Loans Closed After July 1, 2021 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 Household Size ASSISTANCE 1 2 3 4 5 6 7 8 Per household income less than or equal to: Up to 50% Median Family Income (MFI) Households $80,000 $45,100 $51,600 $58,050 $64,500 $69,650 $74,800 $80,000 $85,150 51% - 80% Median Family Income (MFI) Households $64,000 $57,900 $66,150 $74,450 $82,700 $87,850 $93,050 $98,200 $103,400 $56,000 $62,000 $70,900 $79,750 $88,600 $94,150 $99,700 $105,200 $110,750 $40,000 $72,250 $82,550 $92,900 $103,200 $109,650 $116,100 $122,550 $129,000 81% - 110% Median Family Income (MFI) Households $32,000 $88,500 $101,100 $113,750 $126,400 $134,300 $134,300 $134,300 $134,300 $16,000 $99,350$113,500 $127,700 $141,900 $150,750$150,750$150,750$150,750 The a mount o f f inancial a ssistance provided to households earning up to 110% of the Median Family Income (MFI)
2 Shall be the combined total of g ap financing ASSISTANCE and closing cost ASSISTANCE . The income l imits established shall be reviewed a nd 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 S ecretary o f t he Department of Housing and Urban Development for the Washington, D C Metropolitan Statistical Area is a vailable.
