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Washington County <br /> FirstHOME Program <br /> SECTION I <br /> OVERVIEW <br /> Washington County is committed to assisting low- and moderate-income families with the purchase of affordable housing in suburban Washington <br /> County. The Washington County FirstHOME Program enables the County to provide funds to assist first time homebuyers who will live in <br /> Washington County eligible communities with costs associated with the purchase of a home. <br /> Funding in an amount up to $10,000 will be provided as a second mortgage and may be used to pay any or all generally accepted closing costs <br /> including loan points, origination fees, appraisals, credit and title examinations, and legal and recording fees. Funds may also be used for down <br /> payment costs or principal subsidies. <br /> SECTION II <br /> FUNDING SOURCE <br /> The funds for Downpayment Assistance are being provided by the U.S. Department of Housing and Urban Development (HUD) through the Home <br /> Investment Partnership Program (HOME Program). The FirstHOME Downpayment Assistance Program has been approved as an eligible use of <br /> HOME funds and is operated within Washington County. <br /> Because the FirstHOME Program provides assistance with HOME Investment Partnership Program funding and where possible, may be used in <br /> conjunction with the Minnesota Housing Finance Agency ECHO Program, applicants must meet the eligibility requirements of both programs in <br /> order to qualify for both sources of down payment assistance. <br /> SECTION III <br /> 31 <br />