The programs are targeted to specific census tracts within the city and are available only in those areas. Two programs are offered.
Local lenders handle all loan administration.
In addition, the City will pay certain closing costs normally associated with the purchase of a house. For VA buyers, the city will pay only closing costs. The city will not reimburse any up front private mortgage insurance premiums or any eligible financed closing costs associated with FHA or VA mortgages. Under both programs, eligible applicants must meet income guidelines. Applicants must live in the single-family home they are purchasing.