HOME Program
American Dream Down Payment Initiative (ADDI) Grant (Limited Funding)
Who is eligible?
- ADDI is primarily for persons residing in mobile home parks, public housing units and current Section 8 voucher holders, or
- Families with incomes below 80 percent of the median area income and who are first-time home buyers, or
- Families participating in an Individual Development Account (IDA) program.
What are the eligible uses of ADDI funds?
ADDI funds may be used to pay the upfront costs of acquiring a principal residence but not the entire cost of acquisition - and
the reasonable and necessary costs incurred by the home buyer, local agency or lender associated with the purchase.
These costs may include:
- private lender origination fees,
- credit reports, fees for title evidence,
- fees for recordation and filing of legal documents,
- attorneys fees, and
- appraisals.
Where can I get more information about the ADDI program?
- To get more information on ADDI, contact JoAn Behr in Idaho Housing and Finance Association's Grant Programs Department at 1-877-447-2687.
- For initiative updates or information on the availability of other HUD home ownership assistance programs, please check:HUD's Web site: www.hud.gov
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