Description:
The Homebuyer Program provides low-moderate income (80% CMI), home buyers with a down payment and closing costs in the form of a non-interest bearing loan, which will be repaid to NEWCAP upon the sale fo the home or when it is no longer the primary residence. Applicants will be served on a first ready, first served basis as funds are available.
The Homeowner Rehabilitation Program provides low-income homeowners with funds for home rehabilitation costs. The funds are in a form of low-interest loan, which is repaid upon the sale of the home or when it is no longer the primary residence.