Homebuyer Assistance Program Funding Update
March 22nd, 2019
Pasco County Homeownership Assistance Program (HAP) will commence April 1, 2019 and end September 30, 2019 or until all funds have been expended. Click this link to view the full Public Notice: HAP Funding Public Notice
About the PascoHome Program:
Pasco County Community Development has recently rebranded its homeownership programs as PascoHome. Information about its two homebuyer assistance programs are now available through one consolidated brochure located here.
If you have any questions about the homebuyer programs available through the County, please contact Pasco County Community Development at 727-834-3447.
Homebuyer Assistance Program
This program provides assistance to income-eligible buyers toward the purchase of a home in Pasco County, including condominiums and town-homes. Eligible homes may be located anywhere in Pasco County, including all six cities. The maximum purchase price of an eligible home cannot exceed $240,000.00.
Properties that are not eligible for assistance:
- Mobile homes or manufactured homes
- Property located within a special flood hazard area or repetitive loss area.
- Property that has experienced a sinkhole or other ground settlement activity, including remediated or stabilized properties.
Applicant households who make less than 120% of Area Median Income (AMI) for the Tampa Bay Area may apply for assistance.
|Income Level||Maximum Assistance||Required Contribution||Payback Amounts (Per month)|
|Under 50% AMI (Very Low)||$25,000||$500||$69.44 over 30 years after initial 5 year deferral|
|Under 80% AMI (Low)||$15,000||$1,250||$62.50 over 20 years after initial 5 year deferral|
|Under 120% AMI (Moderate)||$5,000||$1,500||$41.67 over 10 years, immediate payback|
Buyers are required to contribute some of their own money toward the purchase of their home. Very Low Income buyers are required to contribute $500.00, Low Income buyers are required to contribute $1,250.00, and Moderate Income buy-ers are required to contribute $1,500.00. Pre-purchase requirements such as home inspections, appraisals, and earnest money deposits may be applied toward the homebuyer’s contribution.
*Funding for both programs is based on current availability for each income level.*
Pasco Opportunity Program (POP)
This program is a partnership between Pasco County and several not for profit agencies. These agencies buy homes, have them repaired, improve the home’s energy efficiency, and make them available for sale to income-eligible buyers.
|Income Level||Maximum Assistance||Required Contribution||Payback Amounts|
|Under 50% AMI (Very Low)||$40,000.00||$500||$111.11 over 30 years after initial 5 year deferral|
|Under 80% AMI (Low)||$25,000.00||$1,250||$69.44 over 30 years after initial 5 year deferral|
|Under 120% (Moderate)||$10,000.00||$1,500||$55.56 over 15 years, immediate payback|
|New Construction||$25,000.00||$1,250 -Low|
|Low- $69.44 over 30 years after initial 5 year deferral |
Moderate- $104.17 over 20 years, immediate payback
Buyers are required to contribute some of their own money toward the purchase of their home. Very Low Income buyers are required to contribute $500.00; Low and Moderate Income buyers are required to contribute $1,250.00. Pre-Purchase Requirements such as home inspections, appraisals, and earnest money deposits may be applied toward the homebuyer contribution.
Houses for Sale through Pasco Opportunity Program
To view all houses available for sale through our Pasco Opportunity Program (POP).
Documents and Forms:
These Lenders and Realtors have received training and are approved to take applications for the PascoHome program.
- Pasco County Approved Lender List (PDF) Opens a New Window.
- Pasco County Approved Realtor List (PDF) Opens a New Window.
Resources and Guides for Homebuyers
Homebuyer Class Schedule:
In order to participate in any Pasco County home buyer program, you must attend a County sponsored class. These classes are in all areas of the County. Spanish language classes are also available.
2019 Homebuyer Classes:
To register for our classes, please contact Tampa Bay Community Development Corporation (TBCDC) at 727-442-7075. https://tampabaycdc.org/events
To register for a class in Spanish, please contact Susana Cristancho at Tampa Bay Community Development Corporation at 727-847-3800.