Eligibility for the program is determined by family size and household income, and varies by county in which they receive assistance.
Applicants for assistance shall not currently own or have any interest in other real property at the time of application.
The purchase price limit of any one existing property is $214,200 for all of the counties listed above, with the exception of Dakota ($221,900), Dixon ($221,900), Dodge ($219,100), Madison ($240,100), and Platte ($241,780) counties. The purchase price limit for any newly constructed (never lived in) property is $375,900 for all counties
No property or any portion assisted through this program may be retained for rental purposes. Existing residential property to be purchased can not be occupied by another renter.
The property will be maintained as the owners primary residence throughout the duration of the loan.