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Home Down Payment Assistance (DPA) Program

3/27/2025
-
Taylor, Michigan

City of Taylor

The buyer is seeking proposals for the administration of a home buyer counseling/purchase program. The program aims to provide affordable home ownership to low and moderate-income persons using HOME Program funds. The buyer requires services including client selection, counseling, loan facilitation, and reporting. The contract will be for a 12-month period with possible extension based on funding.

  • 3/20/2025 - Question Acceptance Deadline
  • 3/27/2025 - Bid Opening Date
  • 3/27/2025 - Proposal Due Date
  • Must be a MSHDA and/or HUD approved counseling agency
  • Must provide three references demonstrating administration of MSHDA/HUD Homebuyer Counseling Program within last three years
  • Administer home buyer counseling/purchase program for low and moderate-income persons
  • Provide affordable home ownership using HOME Program funds
  • Conduct open random selection process of program eligible clients
  • Prepare and submit regular data and financial reports
  • Provide HOME Match of 25% of HOME funds expended under contract
  • Respond to inquiries regarding the DPA Program
  • Promote and market homes available for purchase
  • Facilitate application process including screening and pre-qualifying applicants
  • Conduct mandatory Homebuyer/Credit counseling education classes
  • Initiate loan servicing process and prepare closing documents

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