Friday, January 23, 2009

Downpayment/Rehab Program and Weekly Stats


There's a terrific program available to help people buy and fix up homes. It's called the CHIP program. It helps create affordable homeownership for households with gross annual household income below 80% of area median income. By providing 5% of purchase price towards the downpayment and making necessary improvements to the home being purchased, affordable homewonership is possible!

Funds are available in The cities of Bryan, Napoleon and Defiance. The CHIP program provides: Down payment assistance of 5% of the purchase price and Rehabilitation assistance. After loan closing, repairs will be made in order to bring the home upt to Residential Rehab Standards. Eligible repairs include: plumbing, heating, electrical, roof, foundations, windows/doors, smoke alarms, whater/sewer issues, acessibility needs and lead paint issues.

You can find out more information by contacting the Maumee Valley Planning Commission at 419-784-3882.

Market Statistics for Today:
Active Listings: 288
New Listings: 1
Price Reductions: 1
New Pending: 1
Total Pending: 8
Solds: 0
Contingent: 16
Withdrawals: 0
Expireds: 3

Market Statistics for the Week:
Solds: 5
New Listings: 3
Contingent: 4
Price Changes: 9
Pendings: 5

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