MCDC is recognized as a HUD certified housing counseling agency. The Homebuyer counseling services provide valuable information about the road to homeownership, from financing a home to maintaining a home, and the availability of down payment assistance from the State's Homebuyer Assistance Program (HAP). The program is designed to fit the needs of all potential first-time homeowners in our community. Our services include:
MCDC may also assist the family through the application and pre-loan process, the completion of other preliminary paperwork, and the scheduling of the initial interview with the mortgage company.
The current project, the Old Pueblo Park Housing Development, targets those residing in the newly created Tax Increment Reinvestment Zone, or TIRZ district, which is a portion of the Community Development Block Grant (CDBG) area. This area was designated by the City of Midland and has a population of 17,303 of which 78.4% include low to moderate income households. Over 90% of housing in the target area was developed between 1940 and 1960 and a significant number of them are dilapidated. The extent of new development has been minimal with only 10-15 new housing units built by affordable nonprofit programs. Due to miniscule commercial and residential development and steady demolition in the target area, housing density is quickly decreasing.
The first phase of the project began in August 2002, and will consist of 12 homes upon completion. The long term goal of MCDC is to create a multi-family housing development, expand the development area, and grow the capacity of the organization to develop up to 30 new homes annually.
First-time homebuyers may apply for down payment assistance through the City of Midland's Homebuyer Assistance Program (HAP). HAP provides zero interest-deferred loans to first-time buyers. The assistance is based on income and family size. The program allows qualified buyers to purchase a home with permanent financing arranged by one of four banking partners.
A lien in the amount of the HAP assistance will be filed as a second position lien to the primary lending institution. If the homebuyer resides in the house for ten years, the HAP loan will be forgiven.
The Federal Fair Housing Act prohibits discrimination in housing because of race, color, national origin, religion, sex, handicap or familial status. If you feel your rights have been violated, you may call the HUD National Housing Discrimination Claim HOTLINE number at 1-800-669-9777 (TDD 1-800-927-9275)
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