Do you work in College Park?
Are you interested in buying a home?
If so, you may be eligible to receive up to $35,000 in closing cost and down payment assistance through the WORK & LIVE COLLEGE PARK program. Administered by the College Park Housing Authority and the College Park City- University Partnership, the WORK & LIVE COLLEGE PARK program provides affordable home ownership opportunities for people working in College Park while minimizing the number of foreclosed homes in the area.
Through this program, you can receive financial incentives for purchasing a foreclosed home in College Park. With approximately 50 foreclosed properties throughout the City, there is a variety of homes from which to choose. Talk to a qualified local realtor to learn more about which properties would qualify.
To be eligible, you will need to meet the following criteria:
- You (or your spouse) must work at least 20 hours a week for any employer in College Park (including M Square).
- The home you buy must be a foreclosed property in College Park.
- You will be living in the home you purchase.
- You make less than $86,250 (1 person household), $98,600 (2 person household), or $123,250 (4 person household).
- You must attend a WORK & LIVE COLLEGE PARK orientation and receive 8 hours of homeownership counseling by a HUD-approved counseling agency.
To learn more about the program, please join us:
WORK & LIVE COLLEGE PARK Orientation
July 9th at 4:30 PM
University of Maryland
The orientation will kick off a series of four, two-hour sessions (July 9th, 16th, 23rd, and 31st) of homeownership counseling to prepare potential buyers. Space is limited to 40 participants.
To register for the upcoming orientation and the home counseling sessions, please go to www.hiphomes.org/livework.html. For more information about the WORK & LIVE COLLEGE PARK program, contact Regina Stone-Mitchell of the College Park Housing Authority at 301-345-3600 or firstname.lastname@example.org.
The WORK & LIVE COLLEGE PARK program is made possible by Maryland’s Department of Housing and Community Development, the College Park Housing Authority, the College Park City-University Partnership, the City of College Park, and the University of Maryland. Home counseling made possible by Housing Initiative Partnership and Freddie Mac.