Down Payment Assistance in Arizona
Saturday, December 5th, 2009
The City of Tempe, Arizona has down payment assistance programs.
AMOUNT OF ASSISTANCE AND TARGETED AREAS
CAMP FUNDS
Up to thirty five thousand dollars ($35,000) is available to households purchasing a home in a city-designated Neighborhood Enhancement Area.
Neighborhood Enhancement Areas are defined in General Plan 2020 (currently all neighborhoods north of Alameda Drive in Tempe )
Households purchasing homes outside of a Neighborhood Enhancement Area are eligible for up to thirty thousand dollars ($30,000).
ADDI FUNDS
Up to an ADDITIONAL ten thousand dollars ($10,000) or six percent of the purchase amount is available to households earning less than 60% AMI and purchase a home in the city-designated Neighborhood Enhancement Area.
Neighborhood Enhancement Areas are defined in General Plan 2020 (currently all neighborhoods north of Alameda Drive in Tempe ) .
Income eligible households purchasing a home outside of the Enhancement Area are eligible for up to eighty five hundred dollars ($8,500), or six percent of purchase amount.
Go to the website to learn more!
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