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Homeowner Programs <br />Homeowner Housing Development Program <br />15 <br />Estimated Funding Amount: $25 Million <br />Goal: Assist in the development and long-term affordability of <br />homeownership housing for Low-Income households to <br />become first-time homebuyers while staying in the County. <br /> <br />Program Parameters: <br />Income limit: 80% of Area Median <br />Construction loans to nonprofit developers <br />New Construction, Acquisition, Rehabilitation <br />Loans converted to Down Payment Assistance Loans when <br />homes are purchased. <br />May involve a sweat-equity component. <br />