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HomeNewsDC Residents to Get Help for Homeownership Via $50 Million Fund

DC Residents to Get Help for Homeownership Via $50 Million Fund

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DC Mayor Muriel Bowser has launched a $50 million program to provide financial support to residents struggling to become homeowners. 

Led by the DC Department of Housing and Community Development (DHCD), the program offers funds for mortgage payments and other housing expenses such as insurance, internet bills, utilities, as well as other fees.

The Homeowner Assistance Fund (HAF) will start benefiting eligible homeowners after they apply at haf.dc.gov starting on June 22, 2022. 

“With this program, we’re adding another resource to our homeownership toolkit,” Bowser said in a statement. “Homeownership is a critical tool for helping residents stay and build wealth in DC. That’s why we’re increasing our down payment assistance program, why we launched the Black Homeownership Strike Force, why we have the Safe at Home program, and, now, why we are launching this Homeowner Assistance Fund. All of these programs together is how we give more Washingtonians a fair shot.”

Eligibility criteria for the program are as follows:

  • Residents must be living in a home that they own in DC; 
  • They must have fallen behind on one or more of the eligible program expenses for that home, including: mortgage payments, property taxes, utility payments, or other costs;
  • They must have been impacted by the coronavirus crisis; and
  • They must be making less than 100 percent of the Median Family Income (MFI) or $142,300 for a family of four.

For more details on the DC homeownership program, click here.

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