affordable housing in dc: Downpayment assistance program in DC
- 03/22/11 05:33 AM
Condo conversions are taking place all over DC, however these are geared toward low-to-moderate income households. These are modern condos with open floor plan and beautifully layed out units ready for new owners. A non-profit organization, with the support of the local governement, has created an opportunity to assist low - moderate income household with downpayment assistance. Their goal is to make housing permanently affordable by avoiding rising home prices through shared appreciation. Benefits of the program: Lowers monthly mortgage payments Reduces out-of-pocket expenses Eliminate private mortgage insurance fees Possibility of owning a home for similar cost of renting Predictable housing … (8 comments)
Condo conversions are taking place all over DC, however these are geared toward low-to-moderate income households. These are modern condos with open floor plan and beautifully layed out units ready for new owners. A non-profit organization, with the support of the local governement, has created an opportunity to assist low - moderate income household with downpayment assistance. Their goal is to make housing permanently affordable by avoiding rising home prices through shared appreciation.
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