Terms and conditions:
The applicant must enter into a legally binding agreement which places a lien on the property. During the lien period, the applicant must:
- Keep all property taxes current.
- Maintain the property as their principal residence and in a safe and sanitary condition.
- Consent to annual inspections by the city and provide verification of compliance.
- The maximum forgivable mortgage loan shall not exceed $15,000.
For more information, please contact Mary Williams, (386) 671-8057, williamsma@codb.us
|
HUD 2009
Daytona Beach, FL MSA Income Limits: |
| |
Extremely Low |
Very Low |
Low |
Moderate |
| Family |
Income |
Income |
Income |
Income |
| Size |
30% |
50% |
80% |
120% |
| |
|
|
|
|
| 1 |
$11,600 |
$19,300 |
$30,900 |
$46,320 |
| 2 |
$13,250 |
$22,100 |
$35,300 |
$53,040 |
| 3 |
$14,900 |
$24,850 |
$39,750 |
$59,640 |
| 4 |
$16,550 |
$27,600 |
$44,150 |
$66,240 |
| 5 |
$17,850 |
$29,800 |
$47,700 |
$71,520 |
| 6 |
$19,200 |
$32,000 |
$51,200 |
$76,800 |
| 7 |
$20,500 |
$34,200 |
$54,750 |
$82,080 |
| 8 |
$21,850 |
$36,450 |
$58,300 |
$87,480 |
| Income limits are updated annually by the U.S. Department of Housing and Urban Development (HUD) |
|