miss this incredible opportunity to own a move-in-ready, first-floor condo through the Housing Production Trust Fund (HPTF) Program. This two-bedroom, one full and half bath home offers comfortable and convenient living with in-unit laundry, a large and inviting front porch, and an on-site parking space (Space #18).
This is an HPTF resale unit, which means you can subtract $63,000 from the sales price—the amount of the HPTF loan that will be assumed by the buyer with no monthly payments. That makes the effective purchase price just $172,000. Income restrictions apply, and the unit is subject to a seven-year affordability covenant, with approximately seven years remaining. The affordability period is scheduled to end in 2031, at which point the $63,000 grant may be fully forgivable. The purchaser can then request that the DC Department of Housing and Community Development (DCHD) process the forgiveness of the loan, provided program requirements are met.
This is a wonderful opportunity for eligible buyers to build equity and enjoy homeownership in a vibrant community. The only thing the new owner might consider is cleaning or replacing the carpet—otherwise, this home is ready to go. Please refer to the attached “Eligibility Requirements” document for full program details and income qualifications.
Free assigned parking included in the sale.