Sussex County Housing Trust Fund - Homebuyer Assistance

For information on the Housing Trust Fund, visit the main page here.

More information for Developer applicants can be found here.

 

FUNDING SOURCE

The American Rescue Plan Act of 2021 (ARPA) was signed by President Biden on March 11, 2021. Sussex County received $45.5 million in ARPA funding in two installments – one installment was received in May 2021 and the balance will arrive in May 2022. To see the presentation made to County Council on March 8, 2022, with recommended uses, click here. Of the $45.5 million, $300,000 is being used to expand the SCHTF Homebuyer Assistance Program. ARPA funding must be expended by December 31, 2024.

In addition, Sussex County Council has allocated $500,000 for the Homebuyer Assistance Program.

FUNDING AVAILABILITY

SCHTF is making available $800,000 in funding to assist qualifying households with the purchase of a Sussex County home. Funds will be released April 1, 2022 and available on a first-come-first-serve basis until exhausted. Visit this page for updates on when the next round of funding will be made available.

*NOTE* As of August 8, 2022, 100% of funds are exhausted.  CD&H will no longer accept any new referrals.  Visit this page for updates on funding replenishment.

Direct Homebuyer Assistance

PROGRAM PARAMETERS

Direct Homebuyer Assistance funding is available through the Sussex County Housing Trust Fund (SCHTF) and administered by the Sussex County Community Development & Housing Department (CD&H).  Funds are available until December 31, 2024, or until funding has been exhausted.  Sussex County intends to use the Homebuyer Assistance funding to provide affordable homeownership opportunities to qualifying homebuyers in Sussex County.

TERMS & CONDITIONS

  • Direct Buyer Assistance may be used for down-payment and closing/settlement costs.
  • The household must maintain the home as their primary residence.
  • Liquid assets must not exceed $15,000.
  • Program is not limited to first-time homebuyers.
  • Program can be used to purchase single-family homes, duplexes, townhomes, manufactured homes on permanent foundations, modulars, or new construction homes.  
  • The home must be located in Sussex County, Delaware.
  • A Home Inspection is required.
  • Homebuyer must complete at least 8 hours of pre-purchase homeownership counseling through a HUD-approved agency and receive a completion certificate.

 

Eligible Household Incomes & Corresponding Buyer Assistance

    HOUSEHOLD SIZE

BUYER ASSISTANCE

AREA MEDIAN INCOME

1

2

3

4

5

6

7

8

$30,000

<65% AMI

<$38,220

<$43,680

<$49,140

<$54,600

<$59,020

<$63,375

<$67,730

<$72,085

$20,000

66-99% AMI

$38,221-
$58,799

$43,681-
$67,199

$49,141-
$75,599

$54,601-
$83,999

$59,021-
$90,799

$63,376-
$97,499

$67,731-
$104,199

$72,086-
$110,899

$10,000

100-120% AMI

$58,800-
$70,560

$67,200-
$80,640

$75,600-
$90,720

$84,000-
$100,800

$90,800-
$108,960

$97,500-
$117,000

$104,200-
$125,040

$110,900-
$133,080

 *2022 Income Limits - Effective 4/18/22

 

AFFORDABILITY CONTROLS

  • Buyer assistance will be secured as a soft second 0% interest prorated mortgage repayable only at the time of sale or transfer of the property and will not be subordinated unless there is adequate equity to cover the SCHTF assistance amount.
    • If no triggering events take place, the SCHTF mortgage shall be considered satisfied after a period of ten (10) years.  

HOW TO APPLY

  • Contact a HUD-approved housing counseling agency to begin the process.  The counselor will submit your application and income verification to CD&H on your behalf.  
    • NCALL Research - (302) 855-1370
    • First State Community Action Agency - (302) 856-7761
    • Interfaith Community Housing of Delaware - (302) 652-3991 x100
    • Neighborhood House - (302) 658-5404 x118