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Home Down Payment Assistance (DPA) Program
3/27/2025
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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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