Previous HIP Programs

HIP Plus

September 1, 2019 - August 31, 2020: HIP Plus offered a lower interest rate with a two-part second mortgage: half of the DPA was prorated over 3 years and the other half the DPA was only forgivable after the 30-year loan term.

First-Time Homebuyer Program (FTHB)

March 2019: The FTHB program began and featured a 15-yr forgivable second mortgage.

October 2020: The terms of the second were reduced to a 7-yr forgivable mortgage.

March 1, 2021: The FTHB second changed to its present terms of a no interest, no payment, 3-yr prorated forgivable mortgage.