The City of St. Petersburg Housing & Community Development Department offers HOME OWNERSHIP ASSISTANCE second mortgage loans for a portion of the required down payment and closing costs to eligible home buyers whose total household income does not exceed 80% of Median Family Income (MFI). On a limited basis, the city will accept applications from those whose household income is at or below 120% MFI.
Federal Home Investment Partnership Program (HOME) will be the primary source of funding down payment and closing cost loans to those households exceeding 50% MFI. Florida State Housing Initiatives Partnership (SHIP) Program will be the primary source of funding down payment and closing cost assistance loans to households at or below 50% MFI.
win program st pete