East Tampa CRA Down Payment Assistance Program

The East Tampa CRA offers down payment assistance forgivable loans to current East Tampa residents that are renting and would like to purchase a home within the East Tampa CRA boundary. Preference offered to existing East Tampa renters.
Some of the eligibility criteria:

• Potential buyer must participate in and complete the East Tampa CRA Homebuyer Club Program Workshops.
o The workshops will commence on December 7, 2019 and run through February 22, 2020.
o There will be 6 workshops in total. ALL workshops must be attended to be eligible for the assistance.
o The current HBE requirement for reservation approval is not in lieu of the East Tampa program requirements.
• Property must be located within the East Tampa CRA footprint/boundary.
• $15,000 Max award toward the purchase of the home.
• Household income must not exceed 140% Area Median Income (AMI).
• Can be combined with other programs.
• Loan types allowed are: 203k, FHA, VA and Conventional Affordable Housing Products.
• Fully Forgivable after 7 yrs., assuming still owner-occupied and completion of Post-purchase Education Workshop.
• The max purchase price is $240k.

We are only accepting 25 households to participate. To register for Homebuyer Club: https://etcrafasttrack.eventbrite.com.

Best Regards,

Latasha Hicks
Housing Counselor II, Planning and Development
Housing and Community Development Division
City of Tampa / 4900 W. Lemon St. / Tampa, Florida 33609
p: (813) 274-7989 / f: (813) 274-7941 e: latasha.hicks@tampagov.net
Visit us on the web at tampagov.net/hcd