The need for more affordable housing options brought hundreds of people to Gulfport's community development office. They were there Wednesday morning to pick up a Homeline grant application, and potentially become a homeowner.
Homeline is a nine million dollar grant that's only available through the city of Gulfport. In the next two years, 165 low and moderate income people will be eligible for down payment assistance to buy homes. That's why so many people stood in line outside Gulfport's community development trailer with the same thought running through their heads.
The Homeline program will benefit 165 people who meet strict criteria established by HUD, the Mississippi Development Authority and Gulfport. Each approved application will make a family eligible for $50,000 in down payment assistance on its next home purchase.
Remember, this is a workforce housing grant geared toward people who would normally be told they can't afford a house. Gulfport has two years to use the $9 million grant. So, applications will be processed as soon as they're received.
Family Size
Maximum Annual Income
1
$27,450
2
$31,350
3
$35,300
4
$39,200
5
$42,350
6
$45,450
Basic Guidelines of Gulfport's HomeLine Program
Maximum Price For A Home Is $180,000
Maximum Homebuyer Assistance Is $50,000
Five-year Deed Restriction To Insure Primary Residence And Affordability.
