$5,000 federal income tax credit is available to first time homebuyers in the District of Columbia.
www.irs.ustreas.gov
202-777-BOND
The DC Employer Assisted Housing program provides grants and deferred loans up to $11,500 to employees of the District of Columbia government who are first-time homebuyers in Washington, DC.
www.dhcd.dc.gov
202-777-7006
Housing Counseling Services, Inc.
2430 Ontario Road, NW
Washington, DC 20009
This program fosters saving toward the down payment on a home and assists participants to improve their credit, while learning how to be successful homeowners.
www.mannadc.org
202-832-1845
MANNA, Inc.
828 Evarts Street, NE
Washington, DC 20018
Through the IDA program, individuals open an IDA account at a specified local bank with an initial deposit of $400. IDA participants then develop a monthly savings plan to reach a savings goal. MHCDO matches $2 for every $1 saved by the IDA participant.
www.mhcdo.org/housing/ida.htm
202-396-1201 x135
Marshall Heights Community
Development Organization
3939 Benning Road, NE
Washington, DC 20019
HPAP provides interest-free or low-interest loans for down payments, closing costs, or other expenses associated with buying a house, a condominium or a cooperative in the District. Amount of loan is adjusted to reduce the total monthly mortgage payment to 28% of household's monthly gross income. For very low income families, repayment of loans is deferred until house is sold.
www.dhcd.dc.gov
202-442-7290
Department of Housing and Community Development
801 North Capitol Street, NE
Suite 8000
Washington, DC 20002
The DC Housing Finance Agency (HFA) finances below-market rate loans to low- and moderate-income residents using proceeds from the sale of Single Family Mortgage Revenue Bonds.
www.dchfa.org
202-777-1600
DC Housing Finance Agency
815 Florida Avenue, NW
Washington, DC 20001
The Scattered Sites Projects' mission is two-pronged: to invigorate neighborhoods and communities in the District of Columbia by renovating abandoned houses, and to provide affordable opportunities by marketing these renovations to low- and moderate-income families, especially first-time homebuyers.
www.micasa-inc.org
202-232-1375
Mi Casa, Inc.
1769 Lanier Place
Washington, DC 20009
The program matches down payment funds up to $1,500 (program provides $500 for each $2,500 saved by an employee). The program includes deferred payment loans up to $10,000, ability to keep assigned patrol car during off-duty hours, an income tax credit of $2,000 per year for five years and a sliding-scale, five year property tax credit.
www.dchcd.dcgov.org
202-777-7006
Housing Counseling Services, Inc.
2430 Ontario Road, NW
Washington, DC 20009
