Some of eligible Washington, D.C. homebuyers can now receive up to $202,000 financial assistance.
The DC Homeowner Assistance Fund Program uses funding from the American Rescue Plan to provide grants to District Homeowners who have been affected by COVID-19 to help keep their home.
The financial assistance program is accessed via a digital portal, that serves as a one-stop shop, providing grants to District homeowners impacted by COVID-19 who are struggling with their mortgage payments and other property or housing expenses.
Mayor Muriel Bowser and the Department of Housing and Community Development (DHCD) urged residents to take advantage of two important homeownership programs: the Home Purchase Assistance Program (HPAP) and the Homeowner Assistance Fund (HAF).
On September 30, the District’s Foreclosure Moratorium will end, but homeowners who have struggled to keep up with mortgage and bill payments can get protection from foreclosure if they have applied to HAF by the deadline. Additionally, on October 1, which marks the start of the new fiscal year, the maximum down payment assistance that residents can receive through HPAP will increase from $80,000 to $202,000.
“We know that homeownership is an important tool for closing racial wealth gaps in our city. We also know that for people without generational wealth, the idea of becoming and staying a homeowner can be daunting,” said Mayor Bowser. “But we have programs and resources in our city that can open doors that people may not have even thought possible. One way we can keep more Washingtonians in DC is by making sure our neighbors know about these programs and are using them.”
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