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D E P A R T M E N T O F H O U S I N G A N D C O M M U N I T Y D E V E L O P M E N T

HomePurchaseAssistanceProgramEnhancementNeighborhoodStabilizationProgram2(NSP2)

HPAPETheHomePurchaseAssistanceProgram(HPAP)EnhancementNeighborhoodStabilizationProgram2

(NSP2),referredtoasHPAPE,willhelpstabilizethehousingmarketandrevitalizeneighborhoods

hardesthitbyhighratesofforeclosureandvacantproperties. Theprogramwillcreatehousing

opportunitiesforlowandmoderateincomeresidentsinthethreehardesthittargetedneighborhoods:

Deanwood,IvyCity/TrinidadandHistoricAnacostia.

UnderHPAPE,HomePurchaseAssistanceProgramdownpaymentassistancefundingincreasesfromits

currentmaximumamountof$44,000to$77,000(includingclosingcosts)inthethreetargetedareas. The

amountwillbedeterminedbythehouseholdsizeandincome.Fundingforthisprogramisavailableona

firstcomefirstservebasisandendsonFebruary11,2013. TheHPAPEAssistanceTableisavailable

onlineatdhcd.dc.gov.

HPAPEcanbeusedinconjunctionwithotherDHCDhomebuyerprograms,includingtheEmployer

AssistedHousingProgram(EAHP),theNegotiatedEmployeeAffordableHousingProgram(NEAHP),andthe

HomePurchaseRehabilitationPilotProgram.

HPAPETargetAreasThequalifyingcensustractnumberswithineachtargetareaarelistedbelow. Nootherareasareeligible

fortheHPAPEfunds.Mapsofthesetargetareasareavailableonlineatdhcd.dc.gov.

PropertiesEligibleforPurchaseRecipientsofHPAPEassistancemustpurchasepropertiesthatarecurrentlyvacantandforeclosedwitha

freeandcleartitleandarereadyforresale. Ifthepropertyisnotinlivablecondition,thenewpurchaser

canfinancetherehabilitationcoststhatareneededtobringthehometohealthsafetyandbuildingcode,

througharehabilitationloanthatmustbecompletedwithinsix(6)monthsfromthedayofclosing. This

canbeevidencedthroughaFHA203(k)streamlineloanorviatheapplicantsbankstatementandwork

writeup. Allproperties,includingpropertiesthatwererehabilitated,mustpassaHousingQuality

Inspection.

Department of Housing and Community Development, 1800 Martin Luther King Jr. Ave. SE, Washington, DC 20020 (202) 442-7200

(Continuedonreversesid

TargetArea QualifyingCensusTractNumbersDeanwood 78.3;78.6;78.7;78.8;78.9;99.4;99.5;99.6HistoricAnacostia 75.3;75.4;76.1

IvyCity/Trinidad 79.1;79.3;85;88.2;88.3;88.4;89.3;89.4

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RepaymentTheloanrepaymentforHPAPEwillnotbedeferredforthefive(5)years,asisthecasewithstandardHPAP

loans.ThetermsfortheHPAPEenhancementprogramwillbeonagraduatedscheduleforthefirstfive

yearsbasedona40yearamortizationofthenoteloanamount,asfollows:

Thefirstyearofrepaymentwillbe20%oftheamortizednote;

20%thesecondyear;

40%thethirdyear;

60%thefourthyear;

80%thefifthyearand;

beginninginyear6,100%ofthebalanceowedonthemortgagewillbeamortizedovera35yearperiod.

Note: DHCDreceivedfundingfortheNSP2fromtheU.S.DepartmentofHousingandUrbanDevelopment

(HUD)undertheAmericanRecoveryandReinvestmentAct(ARRA). Aspartoftheapplication,DHCDagreed

toincreasetheincreaseassistanceforhomepurchaseinthespecifiedareas.

HowtoApplyToapplyforHPAPEorformoreinformation,pleasecontactoneofthefollowingorganizations:

HousingCounselingServices241017thStreet,NW

Washington,DC20009

(202)6677006|www.housingetc.orgLatinoEconomicDevelopmentCorp.(LEDC)231618thStreet,NW

Washington,DC20009

(202)5885102 |www.ledcdc.orgLydiasHouse3939SouthCapitolStreet,SW

Washington,DC20032

(202)3731050 |www.lydiashousendc.org

Department of Housing and Community Development, 1800 Martin Luther King Jr. Ave. SE, Washington, DC 20020 (202) 442-7200

UniversityLegalServices220IStreet,NE,Suite130

Washington,DC20002

(202)5474747|www.ulsdc.org

UniversityLegalServicesatDHCDHousingResourceCenter1800MartinLutherKing,Jr.Ave.,SE

Washington,DC20020

(202)

889

2196

|

www.uls

dc.org

UniversityLegalServices,FarNELloydE.SmithCenter

3939BenningRoad,NE

Washington,DC20019

(202)3961201|www.ulsdc.org

11.05.10

Note: DHCDadherestoallfederalandlocallawsandregulationswhichofferconsumerprotectionsfromprohibitedpredatory

lendingpractices. DHCDdoesnotrequirepotentialapplicantstoacceptprivatefinancingthatispricedabovethemarketrateor

thatisnotfromareputablelender. Potentialapplicantsshouldneveracceptanofferofprivatefinancingwithoutdiscussingthe

offerwithoneofhousingcounselingagencieslistedbelow.

Non

discrimination

clause:

In

accordance

with

the

D.C.

Human

Rights

Act

of

1977,

as

amended,

D.C.

Official

Code,

Section

2

1401.01etseq.,(Act)theDistrictofColumbiadoesnotdiscriminateonthebasisofactualorperceived:race,color,religion,

nationalorigin,sex,age,maritalstatus,personalappearance,sexualorientation,familialstatus,familyresponsibilities,

matriculation,politicalaffiliation,disability,sourceofincome,orplaceofresidenceorbusiness.