MOHCD homeownership program announcements

MOHCD periodically makes changes to our homeownership programs. We release program announcements to our partners via email and post them here once they become available.

Documents

Announcement of the opening of the Downpayment Assistance Loan Program (DALP) for 2023.

Office hours to MOHCD partners, program fees collected through escrow, and duty to serve shared equity program. 

Office hours to MOHCD partners, program fees collected through escrow, and duty to serve shared equity program. 

MOCHD lender closing checklist for lender package submissions updates.

Announcement of the opening of the Downpayment Assistance Loan Program (DALP) for 2021.

Postponement of the 2020 DALP application period due to Covid-19

Temporary changes to policies and procedures related to homeownership programs due to COVID-19

Program updates related to assets, compensating factors, and BMR DALP

Clarifications and updates regarding qualifying income levels for BMR units at MIRA and eligible and ineligible uses of BMR DALP funds

Updates to the closing documents for Below Market Rate homeownership units

Announcement of the availability of the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual

Updates and clarifications about policies related to BMR DALP subordination

Program policy changes related to DALP and homeownership BMR

Announcement of changes to the Teacher Next Door and Mortgage Credit Certificate programs

DALP program policy changes

Subordination rules and definitions

BMR DALP information