On September 1st, the Prince George's County Department of Housing and Community Development (DHCD) re-opened the popular My HOME II Program which provides first-time home buyers with up to $20,000 in down payment and closing costs for the purchase of their home in Prince George's County. Home buyers must be income eligible, purchase a home in one of 14 specific zip codes in the County and must pay back the zero percent interest loan when the house is sold or transferred. Any residential property can qualify within certain zip codes, including new construction, re-sales and short sales, even foreclosures.
The eligible County zip codes are as follows:
20706 Lanham, 20710 Bladensburg, 20722 Brentwood, 20737 Riverdale Park, 20743 Capitol Heights
20744 Fort Washington, 20745 Oxon Hills, 20746 Suitlan, 20747 District Heights, 20748 Temple Hills
20772 Upper Marlboro, 20774 Upper Marlboro/Largo, 20784 New Carrollton and 20785 Landover/Hyattsville
The My HOME II Program will operate until the money has been exhausted or until December 31, 2016 whichever occurs first. There are program requirements, including the income eligibility of the buyer, associated with the My HOME II Program and interested home buyers should carefully review the information to make sure they understand the program and its rules and regulations.
For further details, please visit the website: www.princegeorgescountymd.gov/865/Redevelopment-Authority.
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