Home Purchase Assistance Program HPAP The DCHFA is a co-administrator of the District of Columbia Department of Housing and Community Development’s Home Purchase Assistance Program . In FY 2019, DCHFA closed 150 loans for first-time homebuyers for a total of $8,339,046 funded.
HPAP FY 2019 Highlights:
• Number of Notice of Eligibility (NOE) Applications Received: 613 • Number of NOEs Issued: 459
• Number of Total Closed Loans: 150
• Average Purchase Price: $2306,981 • Average Loan Amount: $55,593 • Average Age of Homebuyer: 36 • Average Household Size: 1
• Average Household Income: $59,584 DCHFA’s service as a co-administrator of HPAP allows the Agency to serve more first-time homebuyers and make a greater contribution to homeownership in Washington, D.C. FY 2019 was DCHFA’s second year as a co-administrator.
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