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The original item was published from 10/27/2023 3:44:23 PM to 10/27/2023 3:54:02 PM.

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Community Development Department (internal)

Posted on: October 27, 2023

[ARCHIVED] Amendments to City of Durham Down Payment Assistance Program

Amendment to the City of Durham 
Down Payment Assistance (DPA) Program 

 Amendment #1
City of Durham Down Payment Assistance (DPA) Program 
for Low-to-Moderate Income Homebuyers
Program Policy and Underwriting Guidelines 

On October 26, 2023, the following revisions were made to the City of Durham Down Payment Assistance (DPA) Program for Low-to-Moderate Income Homebuyers Program Policy and Underwriting Guidelines:

Section 3         General Program Requirements                      
3.2.6 Subsidy Layering [page 20]     

The Program does allow multiple programs layering (i.e., NC Housing Finance Agency, etc.). The total amount of all sources provided to the buyer(s) shall not exceed 35% of the purchase price. 

Section 4         Underwriting Review
4.2.3 Monthly Debt to Income (DTI) Expense (Back-End-Ratio) [page 22]                     

The Applicant(s) total debt-to-income (DTI), or “Back-End-Ratio”, cannot exceed 45% of their total monthly qualifying income. Specifically, after the total monthly housing payment is added to all other debts, the total of these payments cannot exceed 45% of the borrower’s monthly household income. 

4.8 Lien-Securing Program Funds [page 24] 

When the buyer is utilizing more than one down payment source, the request will be negotiated with the other funding source(s) as to what lien position each funder will take. 

Additional information about the City of Durham DPA Program can be found at the following link:  Down Payment Assistance Program or contact Community Development, Neighborhood Stabilization Team, at Community [email protected] or call 919-560-4570, ext. 22224. 

Notice Under the Americans with Disabilities Act
A person with a disability may receive an auxiliary aid or service to effectively participate in city government activities by contacting Durham One Call at 919-560-1200 or 
[email protected], as soon as possible but no later than 48 hours before the event or deadline date.

Aviso en virtud de la Ley de Estadounidenses con Discapacidades
Con el fin de recibir un recurso o servicio auxiliar para participar de manera efectiva en las actividades del gobierno de la ciudad, cualquier persona con una discapacidad puede comunicarse con la línea Durham One Call al teléfono 919-560-1200 o al correo 
[email protected], tan pronto como sea posible, a más tardar 48 horas antes del evento o fecha límite.


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