Another Incentive for Buyers in 2010

Dawn Griffin Posted by
Mortgages and Loans Feb 2010

HOPE (Home Ownership Purchase Enhancement) will help some qualified Missouri families pay their real estate taxes in 2010.

MHDC is allocating $15 million towards the HOPE program. Qualified Missouri families that purchase a home in 2010 are eligible for a HOPE incentive equaling the amount of the 2009 real estate tax bill associated with the property they purchased, up to a maximum of $1,250. Additionally, homebuyers who are approved for the real estate property tax HOPE incentive may also be eligible to receive an additional amount if they bought a qualified, newly-constructed, energy-efficient home or bought an existing home and remodeled or purchased items such as Energy Star® appliances to make the home more energy efficient. The maximum combined total of the HOPE property tax incentive and the HOPE energy-efficiency incentive is $1,750.

To be eligible home buyers must purchase in 2010 with a contract having been executed no earlier than January 1, 2010. The $15 million is available on a first come first serve basis and does not have to be paid back as long as the homeowner lives in the property a full year after receiving the funds. To qualify buyers must meet certain income guidelines and purchase in target districts.

picture-3

View a list of properties available in census tract 1241.picture-5

View a list of properties available for sale in census tract 1224.picture-6

View a list of properties in census tract 1164 that are currently for sale.

picture-8View a list of properties in census tract 1193 that are currently available for sale.

Here is a link to the FAQ’s regarding the HOPE program.

All map files can be found on the MHDC website.

St. Louis Real Estate Blog

New Listings, Market Trends, and Happenings from the Dawn Griffin Group.

View All Blog Posts Meet the Team

Dawn Griffin Group