State Housing Initiative Partnership a/k/a S.H.I.P, provides funding to local Governments to preserve affordable housing. It is designed to serve very low, low and moderate income families.
The Down Payment Assistance (DPA) provides funding to assist eligible first time homebuyers with down payment and closing costs, as well as home repairs necessary to meet minimum housing code.
To obtain a copy of this S.H.I.P. Down Payment Assistance Brochure please contact the Alachua County Housing Program at 352-337-6240 or by email at housing@alachuacounty.us.
In addition to the “S.H.I.P” funding, you may also qualify for up to $7,500 in down payment and closing cost assistance through the Escambia County Housing Finance Authority. You may contact them at 800-388-1970 or 850-432-7077 for more information.
Frequently Asked Questions
How do I Qualify
True What income category does the program serve? Very Low, Low Income, and Moderate Income depending upon funding availability. False What are the award limits? Maximum loan is subject to available funding. and income category. False What are the terms of the loan? Funding is provided in the form of a 10 year deferred second mortgage. Mortgage is due on sale, refinance or transfer of property, or satisfaction of term. False Escambia County Down Payment and Closing Cost Assistance
DOWN PAYMENT CLOSING COST ASSISTANCE
In addition to the “S.H.I.P”
funding, you may also qualify for up to $7,500 in down payment and
closing cost assistance through the Escambia County Housing Finance Authority.
You may contact them at 800-388-1970 or 850-432-7077 for more information.
https://www.escambiahfa.com/participating-counties/alachua
False
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