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Page Six Text
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The H.O.P.E. program provides deferred loans to eligible full-time employees of the City of Kalamazoo who wish to purchase a primary residence on an owner-occupied basis within the geographic boundaries of the City. Loan ceilings are scaled from $3,000 to $10,000, depending on location.
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Target Area |
Neighborhoods |
Level of Funding |
|
1 |
Edison and Eastside |
$10,000 |
|
2 |
Core City - Vine, Northside, Stuart, West Douglas, West Main Hill, South Side, and Central Business District |
$7,000 |
|
3 |
Non Core City - Areas within City limits outside the Edison, Eastside and Core Neighborhoods |
$3,000 |
If you purchase a home:
- You may receive a loan of up to $10,000 to be used for down payment and closing costs.
- In addition to a deferred loan, homebuyers in the primary and secondary target areas are eligible to finance rehabilitation work through a second mortgage.
- You attend the KNHS Homebuyer Education Classes
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