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Important Announcements
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The 2009 Home$tart Program year began on May 1, 2009, and will continue through
April 30, 2010. Please refer to the
2009 AHP Implementation Plan (pdf) for detailed information regarding program
requirements.
We invite participating members to order Home$tart Program posters and brochures
to support their marketing efforts.
Online Order Form.
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The Home$tart Program promotes homeownership by helping first-time homebuyers earning
up to 80 percent of their area’s median income, adjusted for family size, purchase
a home.
- The Home$tart Program provides $3 for every $1 of a household's funds up to $5,000.
- The Home$tart Plus Program provides households receiving public housing assistance
with $2 for every $1 of the household’s funds, up to $10,000.
Home$tart grants may be used for downpayments, closing costs, or rehabilitation
of an owner-occupied housing unit, including a condominium or cooperative housing
unit, to be used as the household’s primary residence. Grants may be used in combination
with funds from other sources.
Since its inception in 1995, Home$tart has granted more than $38.2 million to help
nearly 7,800 first-time homebuyers purchase their first homes (figures are as of
April 1, 2009)
For Homebuyers
Prospective homebuyers must apply for grants through a Seattle Bank
participating member financial institution.
For Member Financial Institutions
To participate in Home$tart, Seattle Bank members must complete and submit a one-time
Application for the Home$tart and
Home$tart Plus Programs.
2009 Home$tart Program Allocation Strategy (effective May 1, 2009 – April 30, 2010):
- Seattle Bank members that enrolled one or more households in the 2008 program year
(April 2008 – April 2009):
- Will receive a guaranteed allocation of funds, which will be set aside for four
months (May 1 through August 31, 2009).
- May exceed their allocation during this four-month period, if funds become available,
on a first-come, first-served basis.
- Seattle Bank members that did not enroll households in the 2008 program year:
- Will not receive a guaranteed allocation, but…
- May enroll households as funds become available on a first-come, first-served basis.
- On September 1, 2009, any remaining Home$tart funds will be made available to all
Seattle Bank members on a first-come, first-served basis.
If you are currently participating in the Seattle Bank’s Home$tart Program, you
may enroll new homebuyers at any time subject to funds abailability.
Enrollment and Disbursement Forms.
If you are not currently participating in the Seattle Bank’s Home$tart Program,
but would like to do so, please contact Community Programs Analyst
Lindsey Bernacchi (206.340.8710).
To determine if first-come, first-served funds are available, please
log on to the Community Investments online application. Please do not submit
an enrollment before checking the availability of funds.
To learn more about Home$tart:
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