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Important Announcements
The 2008 Home$tart Program year began on April 1, 2008, with a guaranteed allocation of funds to members that enrolled households in the 2007 program year. Other participating members may enroll homebuyers on a first-come, first-served basis as funds become available.
We invite participating members to order Home$tart Program posters and brochures to support their marketing efforts.
Online Order Form.
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Home$tart promotes homeownership by helping first-time homebuyers earning up to 80 percent of their area’s median income purchase a home.
- The Home$tart Program provides $3 for every $1 a household contributes 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 $35.7 million to help over 7,200 first-time homebuyers purchase their first homes.
For Homebuyers
Prospective homebuyers must apply for grants through a participating member financial institution.
For Member Financial Institutions
To participate in Home$tart, Seattle Bank members must complete and submit a one-time
Application for the Home$tart and Home$tart
Plus Programs.
2008 Home$tart Program Allocation Strategy (effective April 1, 2008 – March 31, 2009):
- Seattle Bank members that enrolled one or more households in the 2007 program year (April 2007 – March 2008):
- Will receive a guaranteed allocation of funds, which will be set aside for four months (April 1 through July 31, 2008). The allocation amount will be announced on or around April 2, 2008.
- May exceed their allocation during this four-month period, if funds become available, on a first-come, first-served basis.
- Seattle Bank members that did not enroll households in the 2007 program year:
- Will not receive a guaranteed allocation, but…
- May enroll households as funds become available on a first-come, first-served basis.
- To determine if first-come, first-served funds are available, please
log on to our Web site. Please do not submit an enrollment before checking the availability of funds.
To learn more about Home$tart:
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