We hope you will find our website helpful. Colorado Housing Assistance Corporation is here to help you learn more about becoming a Homebuyer and maintaining homeownership. If you have difficulty with any feature please e-mail us at CHAC@chaconline.org. For additional help or information please call our office at (303) 572-9445.
Our office hours are Monday - Friday 8:30 a.m. to 5:00 p.m.
CHAC Closures:
Memorial Day - May 28, 2012
Independence Day - July 4, 2012
Arapahoe County Program
Downpayment and Closing Cost Assistance
Available in Arapahoe County EXCLUDING City of Aurora
PROGRAM DESCRIPTION
Standard Guidelines:
First Time Homebuyer: 80% AMI
Property must be owner occupied or vacant. No tenants, unless tenant is buyer
HQS and Environmental Reviews required
FTHB Class and CHAC borrower session required
Changes:
Borrower must contribute $1,000 or 1% of sales, whichever is greater
Loan Amount: 6% of sales price or $10,000 whichever is less
Terms: 3% simple interest, amortized over 10 years: NO DEFERRALS
BORROWER is REQUIRED TO LIVE IN HOME FOR 5 YEARS. They will have to sign an agreement
*Effective April 1, 2012
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Champions of Change
On March 1 in Los Angeles the White House and HUD will spotlight eleven outstanding housing counselors and pay tribute to more than 2,600 HUD approved Housing Counseling agencies. CHAC Housing Counselor, Charlotte O'Donnel has been selected by the Department of Housing and Urban Development from the thousands of Counselors Nationwide as one of the eleven "Champions of Change". For more information go to www.whitehouse.gov/champions , www.whitehouse.gov/blog/2012/03/01/one-family-one-door-one-community-time or the Champions of Change Program.
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Lenders and Realtors - for the most recent information, guidelines, application, forms, etc. see Professionals - Lenders and Helpful Tools.
For Policies - Pay offs, Verification of Mortgage, Short Sale, Subordination, etc see Helpful Tools
Class Registration - see links below (First Time Homebuyer, NSP, CHAC, etc)
For the most recent information please be sure to refresh your browser (website last updated 05/16/2012) If you are interested in receiving our quarterly newsletter please email us at; CHAC@chaconline.org
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CHAC's Statewide Income Limits for 2012
(For a complete list by County for the state of Colorado go to helpful tools link to the HUD website. These income limits are valid starting December 1, 2011)
(Some CHAC programs have lower limits by County. For Program descriptions go to helpful tools.)
| 1 person |
2 person |
3 person |
4 person |
5 person |
6 person |
| $44,450 |
$50,800 |
$57,150 |
$63,450 |
$68,550 | $73,650 |
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CHAC does not discriminate based on age, race, sex, color, religion, national origin, sexual orientation, disability, veteran status or any other status protected by state or local law.
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First Time Home Buyer Class For upcoming class dates,
details, and to register click here. This free course covers the buying and finance process and is offered free in various locations throughout the Metro Denver area. +++++++++++++ Additional Workshops available for NSP programs see Events |
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CHAC Borrower Counseling Session
CHAC Program Lender/Realtor Training Held the second Wednesday of every month. Provides an overview of CHAC programs, policies and procedures. To register call 303-572-9445
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Professional Workshops First-Time Homebuyer Programs Workshop see Events page for dates and to register
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