))
Community Homebuyer Assistance Program
Manage episode 502884159 series 3650406
Content provided by Northern Arizona Association of REALTORS®️. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Northern Arizona Association of REALTORS®️ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Michelle Linton and Devonna McLaughlin discuss the Community Home Buyer Assistance Program (CHAP) in Flagstaff, funded by a $7 million housing bond. CHAP provides up to $50,000 in down payment and closing cost assistance to first-time home buyers earning up to 150% of the area median income. Eligibility includes living or working in Flagstaff for 12 months. Repayment is based on shared appreciation, not a fixed amount. The program aims to help over 100 households in its first year, with a potential to serve more in the future. CHAP supports home ownership, contributing to community stability and economic growth.
6 episodes
Share
