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Taylor approves restart of down payment assistance program, raises per-household cap to $40,000
Summary
Council awarded administration of a restarted Home Down Payment Assistance program to National Faith Home Buyers and amended prior allocations to allow assistance up to $40,000 per household, combining roughly $400,000 across two grant years; staff noted forgivable-lien mechanics and that loan position is typically secondary.
The Taylor City Council voted June 17 to restart the city’s Home Down Payment Assistance (DPA) program, awarding program administration to National Faith Home Buyers and authorizing changes to per-household assistance limits.
Program staff told the council the city will combine previously approved 2020 HOME funds (approximately $230,000) with 2021 funds ($219,005.90) to make just over $400,000 available for program administration and assistance. The administration contract was described as $1,200 per client for…
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