The City of Tucson is seeking qualifications and proposals from potential housing counseling Participating Agencies (PA) interested in representing the City by conducting homeownership counseling, collecting documentation, verifying income, preparing applicable documents for loan closings, and conducting program marketing under the down payment assistance DPA program.
The City of Tucson is also seeking qualifications and proposals from potential Fiscal Services Agents interested in managing the financial mechanism that will provide HOME funds to ‘Down-Payment Assistance’ Program ‘Participating Agencies’ (PA) for homebuyer counseling and education, down payment and closing cost assistance, and program delivery services that will be provided to qualified homebuyers who purchase a home in an eligible area within the City of Tucson and in outlying Pima County. The assistance provided to homebuyers will be administered in the form of a forgivable loan secured by a Deed of Trust executed at the close of escrow. The assistance will be in conjunction with approved partner agencies and other vendors of services including the designated fiscal agent, home inspectors, escrow officers, and title insurance companies.
Project funding will include HOME Investment Partnerships Program (CFDA 14.239), and/or other possible federal, state, and local sources. Selected applicants will be required to comply fully with applicable Federal requirements.