HOME-ARP (HOME American Rescue Plan)
Washington County will be receiving $6,101,728 in HOME-ARP funding under the American Rescue Plan Act funding allocation from the U.S. Department of Housing and Urban Development (HUD). HOME-ARP funding was created to assist qualifying populations including individuals and households who are homeless, at-risk of homelessness, persons fleeing domestic violence, and other vulnerable populations to reduce homelessness and increase housing stability across the country. The HOME-ARP Allocation Plan has been submitted to HUD as a substantial amendment to the FY2021 Action Plan.
HPOF Homeownership Program Keys
The Washington County Office of Community Development (OCD) announces the availability of HPOF Homeownership Program funds to help create affordable homeownership opportunities for first-time, low-income homebuyers in Washington County.
Program objectives are met through two basic models of assistance: 1) subordinate mortgage loans, also known as down payment assistance; and 2) permanent affordability, through a community land trust, which increases the supply of homes affordable to the initial and successive home buyers.
Funds awarded will be sourced from County General Funds. This first round of funding will provide up to $2.9 million dollars, split 60/40, between permanent affordability and down payment assistance.
Program highlights include:
- Open to households who live or work in Washington County
- First time homebuyer
- Assistance to households up to 100% AMI
- Partnerships with established homeownership centers and community land trust agencies
Applications from agencies are due June 13, 2022.