SEBC 2020 Virtual Exhibitor Showcase First Edition | Page 40

Restroom Trailers Portable Restrooms Hand Hygiene Clean. Safe. Dependable Contact us today! Click Here 800-682-7023 [email protected] WHAT: Funding made available as down payment assistance to homebuyers purchasing newly constructed homes from HOP Members Eligible Builders and Developers; Non-Profit, including Habitat for Humanity, For-Profit, and USDA-Rural Development Eligible organizations become a member and reserve financing for qualified homebuyers once the home is under construction ELIGIBILITY: Application Fee is $500.00 Must have developed at least 5 new homes for sale and closed at least 5 homebuyer assistance loans prior to applying for HOP funding Identify key members on your proposed housing team with experience in the following: • HOP Program Coordinator • Eligible Homebuyer Coordinator • Homebuyer Education Coordinator • Identify the Agency to provide the homebuyer counseling HOP funds con be reserved up to 6 months during construction. As the home nears completion, the borrower is reviewed for eligibility. Once approved, Florida Housing will fund the HOP DPA at the closing of the home. ELIGIBLE HOMEBUYERS: Adjusted Income does not exceed 80% of annual median income could receive up to $25,000, 0% interest deferred second mortgage Homebuyers with 50% annual median income or eligible homebuyers with disabilities could receive up to $35,000