New figures are in for the area median income of the region and as such, the City of Woodbury HRA has adjusted its income limits on our loan programs accordingly. The limits are up slightly from what we’ve seen previously. The program guidelines for both the Woodbury Foreclosure Purchase Program and the Woodbury First-Time Homeownership Program are attached.
The City of Woodbury, in partnership with the Greater Metropolitan Housing
Corporation (GMHC), has made down payment and closing cost assistance loans available to
encourage the purchase of foreclosed properties in the City of Woodbury. Current available dollars
for loans are based upon the fund balance for any given period. http://bit.ly/vHJgVu