(March 27, 2012) - People in the market to buy a home in Oklahoma City can apply for a down payment and closing cost assistance program called HOME for $3,500, $6,000 or $10,000.
The HOME program is not limited to first time home buyers.
“The program is offered to encourage home ownership in the city’s core,” said Planning Director Russell Claus. “When people own their home they take better care of it, they become more invested in their neighborhood and they tend to stay longer.”
The program is open to homebuyers whose household size and taxable income
is no more than:
1 Person $34,450
2 people $39,400
3 people $44,300
4 people $49,200
Higher income limits apply to larger households.
The program is targeted to select areas between Memorial Rd and South 89th St and between Meridian and Bryant Avenues. Homebuyers must qualify for financing from a mortgage lender.
The $10,000 down payment assistance applies only to homes built by community housing development organizations, which currently has eight energy efficient homes for sale. For locations of homes or an appointment to view contact:
To learn more about the down payment assistance program call the Community Action Agency, 232-0199 or Neighborhood Housing Services, 231-4663.
The HOME program is managed by the City of Oklahoma City with applications for assistance processed through the Community Action Agency and Neighborhood Housing Services. The program is funded through the U.S. Department of Housing and Urban Development (HUD).
Note to editors/reporters: Call Kristy Yager to set up a tour of an energy efficient home built by one of our community housing development organizations.
Contact: Kristy Yager
297-2550 / 863-2831
Teresa Smith/ 297-2380