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HRA reports DPA outcomes; staff propose tighter application rules and add West Side to Inheritance Fund area
Summary
Staff reported completion of a large DPA waitlist and 37 purchases under the program, proposed requiring lender preapproval and reducing the house-search window from six months to 90 days (with exceptions for inheritance-fund recipients), and recommended expanding the Inheritance Fund bonus area to include the West Side.
HRA staff presented results and recommended guideline changes for the down-payment assistance (DPA) and homeowner rehabilitation programs.
Dean Porter Nelson told commissioners that after an initial interest list of roughly 776 households (created in March 2023) the program had processed applicants through early October and cleared the waitlist. He said 37…
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