[Press Release] : FOR IMMEDIATE RELEASE: Additional down payment assistance for first-time homebuyers in City strategic plan neighborhoods

[Press Releases]

FOR IMMEDIATE RELEASE

Contact: Randy Cole
Community Development
573-874-6321
rlcole at gocolumbiamo.com

Additional down payment assistance for first-time homebuyers in City strategic plan neighborhoods

COLUMBIA, MO (December 22, 2015) - The City of Columbia will be offering special down payment assistance in the City's new strategic plan areas of focus beginning January 1, 2016. The additional assistance is an expansion of the existing Homeownership Assistance Program. The three areas of focus are a result of the City's 2016-2019 strategic plan and are identified as areas to invest additional City resources.  

Income eligible, first-time homebuyers may qualify for 10 percent of the home’s sale price, up to $10,000. To qualify, households must be income eligible, the home must be within a strategic plan area of focus, and the home must meet minimum property maintenance standards.  Funding will be available on a first-come first-serve basis. Current household income limits are as seen below:

    Household Size     Income

      1 person             $40,600

      2 persons           $46,400

      3 persons           $52,200

      4 persons           $58,000

      5 persons           $62,650

      6 persons           $67,300

      7 persons           $71,950

      8 persons           $76,600

Homes must be located within the following areas to be eligible for this special down payment assistance program (maps attached below):

Central Area

North Area

East Area

For more information on the City’s Homeownership Assistance Program, click here. 

For more information, contact Randy Cole at 573-874-6321 or rlcole at gocolumbiamo.com.



This release has the following attachments:

http://www.gocolumbiamo.com/CMS/pressreleases/downloadfile.php?id=1091



http://www.gocolumbiamo.com/CMS/pressreleases/downloadfile.php?id=1092



http://www.gocolumbiamo.com/CMS/pressreleases/downloadfile.php?id=1093



 -30- 

______________________________________________________

You have received this message because you subscribe to the City of Columbia's Web Mail service. To view linked material click on provided links or copy and paste them into your browser's address menu.
______________________________________________________

Archived press releases can be viewed online at:
http://www.gocolumbiamo.com/Public_Comm/Public_Information/Press_Releases/
______________________________________________________

If you would like to stop receiving messages, modify list options, or subscribe to other lists visit the Web Mail section of our Web site and follow the instructions provided. 

http://www.gocolumbiamo.com/Web_Mail/