Special plans designed for low and moderate income borrowers. HPIP assistance is available in neighborhood petition areas. Call 375-2618 for those locations. Although the program is especially helpful for the first time home buyer, any homebuyer can apply. There is no maximum income limitation.
Eligibility is restricted to single-family structures with owner living on the premises.
The buyer must meet City and lender's credit requirements. The house must be repaired within 18 months of purchase to eliminate all violations of Akron's Environmental Health Housing Code. The buyer must live in the property for at least five years after repairs are completed in order to retain the entire grant amount without a repayment. Buyer signs a sales agreement contingent upon HPIP eligibility. Seller completes HPIP inspection request form.