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Denver Housing Authority's (DHA) HomeOwnership Program, a HUD Approved Counseling Agency, provides educational and financial benefits. This program is designed to educate individuals on how the can become "load ready". Over 175 DHA residents have worked hard and become home owners. |
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Program Benefits
DHA's staff provides home ownership and financial assessments to determine what barriers a person faces on their journey to home ownership. We help establish goals a person needs to meet before they are ready to apply for a mortgage loan and buy their own home.
Money Management
Budgeting, reducing debts, and saving money are major task for anyone who is working towards financial fitness. Home ownership staff provides money management counseling.
Credit Repair
Credit repair is a significant goal for most people who are trying to buy a home. As a HomeOwnership Program participant, DHA staff will pull your credit report from all three credit bureaus free of charge and assist with credit repair.
Savings
DHA offers a Matching Savings Account (MSA) for HomeOwnership Program participants. For every dollar that a participant saves, (up to 1,500 total), DHA will match that dollar when the participant buys a house, (if the rules of the MSA Program are followed). IDAs for homeownership, education, and starting a business are also offered for those who qualify.
Homebuyer's Club
When HomeOwnership participants are less than a year away from buying a home they are invited to join the Homebuyer's Club. The Homebuyer's Club covers advanced topics related to buying a house such as real estate terms, mortgage loans, working with real estate agents and other contractors, the home purchase process, and more.
Incentive Plus Classes
Incentive Plus classes are offered to all public housing and Section 8 participants of the HomeOwnership Program. These classes cover a variety of topics including real estate, self sufficiency, employment, and more. Participants receive $20.00 coupons towards their home purchase for every class that they attend.
Homeownership Financial Assistance
DHA's HomeOwnership Program has many resources available to provide financial assistance to residents who are purchasing a home. These resources are based on need. Financial assistance that is available includes:
For more information on Denver Housing Authority's HomeOwnership Program, call 729-956-3801