Down Payment Assistance Program | The City of Asheville

Happening Now

Beginning late spring, the City’s Down Payment Assistance Program (DPA) will make a total of $1.4 million available to qualifying individuals and families to help them buy a home. The funding is from two separate funding sources:

  • $1 million in Affordable Housing Bond money
  • $400,000 in partnership with the Federal Home Loan Bank of Atlanta (FHLBA)

The $1 million in down payment assistance is for qualifying first time homebuyers wishing to purchase a home within the city limits of Asheville making under 80% of the Area Median Income (AMI).

The $400,000 in down payment assistance will be available to qualifying full-time city employees, including our “Community Heroes,” such as our police officers and firefighters, as well as qualifying full-time Asheville City Schools employees.

Please read the policy linked below.

Eligible borrowers that meet all requirements will have funds reserved once their qualified bank/lender contacts the City of Asheville requesting Down Payment Assistance and provides the completed loan application, including a copy of the Offer to Purchase and Contract.

An informational event is planned.[1]

Community Kickoff Open House
May 18, 2019
10 a.m. until 12 p.m.
Stephens Lee Recreation Center
30 George Washington Carver Avenue

**If you are a banker, lender, mortgage company or non-profit partner interested in affordable housing home ownership, please consider representing your organization at this event. To hold a table, please email Paul D’Angelo at pdangelo@ashevillenc.gov[2]. Thank you!


Background

The $25 million in Bond Funding for housing affordability provides additional support for the Housing Trust Fund and other programs such as Down Payment Assistance that assist in creating diverse and affordable housing choices, including homeownership.


Timeline

February 26, 2019 – Policy adopted by City Council

May 18, 2019 – Community Open House Event[3]


Supporting Documents

Presentation to Council[4]

Down Payment Assistance Policy[5]

Press Release[6]


Steps to Homeownership

There is a lot to know when it comes to buying your first home.

Use this guide[7] to learn how to make the home buying process as easy, efficient and exciting as possible.


Contact Information

Paul D’Angelo[8], Housing Development Specialist
828-251-4098


Updated 10/28/2019


Find information to register for certification as a Minority, Woman, and/or Small Business Enterprise (MWSBE) with the City of Asheville.

The Business Inclusion Office for the City of Asheville actively seeks to identify minority and women-owned businesses for an opportunity to participate as providers of goods and services to the city.

Information about commercial filming and photography work involving city-owned property, sidewalks, streets, and parks.

Information about hosting an event on city-owned property, sidewalks, streets and parks.

When extreme cold weather is expected, the Asheville Homeless Coalition[9] issues a Code Purple Alert. Participating homeless shelters voluntarily add space beyond their normal capacity to keep as many people as possible out of the cold.
To find out when Code Purple is in effect, visit the Homeless Coalition’s Code […]

Learn about financial support that may be available for your business.

Resources for finding or registering a minority, women or disabled-owned business.

Virtual assistance available for applicants
 
The City of Asheville’s Community Development (CD) Department is now accepting applications for the Community Development Block Grant (CDBG) and HOME, “Home Investment Partnerships Program” program.  The deadline for applications is 5 p.m Feb. 5, 2021. 
 
Community Development Staff is happy to offer virtual assistance during the month of January  (from Jan. […]

 
In response to the pandemic, earlier this year the City of Asheville created its AVL Shares Space outdoor expansion initiatives to support safe business operations and customer access in alignment with public health COVID-19 guidelines. Launched in spring 2020, its initial trial period was extended from Oct. […][10][11]

 
With temperatures going down into the 20s this week, the Asheville-Buncombe Homeless Coalition has called a Code Purple for people who need shelter.
Starting Dec. 1, shelter was made available at First Congregational UCC, 20 Oak St., for about 30 men and up to 20 women and children. This is in partnership with Western Carolina Rescue […]

References

  1. ^ An informational event is planned. (drive.google.com)
  2. ^ pdangelo@ashevillenc.gov (www.ashevillenc.gov)
  3. ^ Community Open House Event (drive.google.com)
  4. ^ Presentation to Council (drive.google.com)
  5. ^ Down Payment Assistance Policy (drive.google.com)
  6. ^ Press Release (beta.ashevillenc.gov)
  7. ^ Use this guide (homeownershipguidenc.com)
  8. ^ Paul D’Angelo (www.ashevillenc.gov)
  9. ^ Asheville Homeless Coalition (www.facebook.com)
  10. ^ AVL Shares Space (www.ashevillenc.gov)
  11. ^ extended from Oct. […] (www.ashevillenc.gov)

Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.

Acquire this Domain
You can acquire this site’s domain name! We have nurtured its online marketing value by systematically curating this site by the domain’s relevant keywords. Explore our content network – you can advertise on each or rent vs. buy the domain. Buy@TLDtraders.com | Skype: TLDtraders | +1 (475) BUY-NAME (289 – 6263). Thousands search by this site’s exact keyword domain name! Most are sent here because search engines often love the keyword. This domain can be your 24/7 lead generator! If you own it, you could capture a large amount of online traffic for your niche. Stop wasting money on ads. Instead, buy this domain to gain a long-term marketing asset. If you can’t afford to buy then you can rent the domain.

About Us
We are Internet Investors, Developers, and Franchisers – operating a content network of several thousand sites while federating 100+ eCommerce and SaaS startups. With our proprietary “inverted incubation” model, we leverage a portfolio of $100M in valued domains to impact online trends, traffic, and transactions. We use robotic process automation, machine learning, and other proprietary approaches to power our content network. Contact us to learn how we can help you with your online marketing and/or site maintenance.

Share