Down Payment Assistance (DPA) 101

There are many forms of Down Payment Assistance, otherwise known as DPA, and different programs serve different jurisdictions. The most well known form of DPA programs are offered by non-profit organizations, such as the Gift of Nehemiah and Genesis program and are repaid by the seller at closing. The bad news is that these programs were eliminated by HUD on October 1st of 2008. The good news is that there are still other forms of Down Payment Assistance Programs. These programs come in the form of grants. Grants can be offered by non-profit organizations or the government, but are not expected to be repaid and are given based on need and jurisdiction.

 

To gather more information about these programs visit this web page:

http://www.tdhca.state.tx.us/features/fthb-funds-050106.htm

To assist in appealing to HUD to allow the DPA programs provided by Gift of Nehemiah or Genesis or to find out more information about how these programs worked, visit these web pages:      http://getdownpayment.com/      and/or      http://preferredprogram.com/