Division of Housing and Neighborhood Development
Housing and Neighborhood Assistance Programs
Neighborhood Lending Program
Housing Maintenance and Employment Opportunities Program (HMEOP)
Mortgage Credit Counseling Program
Neighborhood Business Assistance Program
Neighborhood Lending Program
Provides up to 6% down payment assistance, $5,000 maximum, to any individuals who wish to purchase a home within the City of Dayton.
For more information, contact
Pam Waltrip, CityWide Development Corp.
(937) 226-0457
pwaltrip@citywidedev.com
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Housing Maintenance Opportunities Program (HMOP)
HMOP is Dayton's low interest loan program designed to assist homeowners who wish to address code violations or fix up their homes. Applicants must meet income guidelines as updated by HUD. To qualify household income must be at or below 80% of the Area Median Income:
80% of AMI based on household size as of 2/2008
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| $33,700 |
$38,550 |
$43,350 |
$48,150 |
$52,000 |
$55,850 |
$59,700 |
$63,550 |
For more information, contact CityWide Development Corporation
(937) 226-0457
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Mortgage Credit Counseling Program
This course is designed for prospective homebuyers and covers key topics such as personal finance, credit repair, Realtor selection, loan underwriting guidelines, property inspections and repairs. Upon completion of the program, attendees will receive a Certificate of Completion to meet lender’s requirements for education. For more information contact:
Pam Waltrip, CityWide Development Corp.
(937) 226-0457
pwaltrip@citywidedev.com
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Neighborhood Business Assistance Program (NBAP)
The City realizes that collectively, small neighborhood businesses represent the largest base of employment in the City of Dayton. Many of the city’s smallest businesses have very limited access to the funding necessary for growth and success. Our program is designed to provide an affordable loan product, which can assist your business in meeting its goals. The NBAP program requirements area s follows:
- Business in operation for one year.
- Business located in the City of Dayton (excluding the Downtown Priority Board district).
- Business independently owned and operated for profit.
- Annual sales not to exceed $1 million.
- Business not engaged in investment or speculation activities.
- Minimum / Maximum Loan Amount - $2,500-$50,000.
- 95% financing available.
- 5% equity required.
- 5% fixed rate financing. 3% fixed rate in targeted corridor areas.
- 3-10 year terms (dependent upon life of asset).
- Uses- Rehab/Renovation, Real Estate Acquisitions, M & E, Public Improvements/Infrastructure & Working Capital.
- These funds are only dispersed as loans. Grants are not available.
For more information about NBAP, please contact Cynthia Long at (937) 333-8556 or by e-mail cynthia.long@cityofdayton.org