The City of Columbia will be offering special down payment assistance in the City's new strategic plan areas of focus beginning January 1, 2016. The additional assistance is an expansion of the existing Homeownership Assistance Program. The three areas of focus are a result of the City's 2016-2019 strategic plan and are identified as areas to invest additional City resources.
One focus area is the residential neighborhood roughly bounded by the Business Loop, Providence, Sexton, and Ash. (See the full map at www.gocolumbiamo.com.)
Income eligible, first-time homebuyers may qualify for 10 percent of the home's sale price, up to $10,000. To qualify, households must be income eligible, the home must be within a strategic plan area of focus, and the home must meet minimum property maintenance standards. Funding will be available on a first-come first-serve basis. Current household income limits are as seen below:
Household Size Income
1 person $40,600
2 persons $46,400
3 persons $52,200
4 persons $58,000
5 persons $62,650
6 persons $67,300
7 persons $71,950
8 persons $76,600
For more information on the City's Homeownership Assistance Program, click here.
For more information, contact Randy Cole at 573-874-6321 or [email protected].