Program Summary
This program aims to construct 9 new houses in the City of Port Huron over the next 2 years, utilizing vacant City residential lots (see map). All homes will be sold to qualified first-time buyers earning between 60-80% of the Area Median Income (as defined by the U.S. Department of Housing and Urban Development, HUD), and must be owner-occupied. Acknowledging the need to keep these homes affordable, the City of Port Huron will use HOME funds to provide up to $35,000 down- payment assistance per home. This program requires the partnership of several uniquely positioned groups, including builders, financial institutions, non-profit partners, and homebuyers. The chosen builder will work directly with the City of Port Huron to construct affordable, top-quality homes at a set price. Non-profit partners will provide financial literacy and homebuyer classes to buyers. Financial institutions will provide mortgage products aimed at helping qualified buyers be successful homeowners. The City of Port Huron will serve as program facilitator, overseeing all partner activities and maintaining compliance with all federal rules/regulations. The City will also determine buyer eligibility and create a pipeline of buyers. Homeownership stabilizes families, builds neighborhoods, strengthens communities, and provides the opportunity for generational wealth. The City of Port Huron is excited to offer this one-of-a-kind program as we all work to build a better Port Huron for generations to come.
For questions regarding the proposal, contact:
Jazmyn Thomas
Deputy Director of Planning and Community Development
Phone: 810-984-9736 Email: thomasj@porthuron.org
