Is your First-time Buyers Loan Program limited to those who have never owned a home before?
Generally, the First-time Buyers Loan Program makes loans to low and moderate-income people who have not owned real estate during the 3 years before the application is submitted. However, there are exceptions to this rule. Here’s how it works:

People in the following circumstances are also considered first-time home buyers:
  • Displaced homemakers, where the displaced homemaker (an adult who has not worked full-time, full-year in the labor force for a number of years but has, during such years, worked primarily without remuneration to care for the home and family), while a homemaker, owned a home with his or her partner or resided in a home owned by the partner
  • Single parents, where the individual owned a home with his or her partner or resided in a home owned by the partner and is a single parent (is unmarried or legally separated from a spouse and either has 1 or more children of whom the individual has custody or joint custody, or is pregnant)
  • Households where at least 1 household member is 55 or over
  • Households that owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations
  • Households that owned a property that was not in compliance with State, local or model building codes and that cannot be brought into compliance for less than the cost of constructing a permanent structure

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1. I have saved some money for a down payment but it’s not enough. Can you help?
2. Is your First-time Buyers Loan Program limited to those who have never owned a home before?
3. Do you have funds to help with repairs to my home?
4. What sorts of incentives do you offer to developers of housing, including financial assistance?
5. What are the options open to property owners who wish to create an accessory apartment or a residential dwelling in an outbuilding?
6. When you refer to low and moderate-income individuals or families, what exactly does that mean?