Reduced mortgage interest rates. Special plans designed for low and moderate income borrowers. HPIP assistance is available in Neighborhood Housing Petition Program areas. 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. Take advantage of the financial assistance offered throughout the Home Purchase Incentive Program.