Town considers $100K DPA for Habitat triplex
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Description
The Davidson Board of Commissioners is considering approval of up to $100,000 in down payment assistance for Habitat for Humanity of the Charlotte Region’s Shearer Street triplex project. The town funds would support income-qualified buyers through 30-year forgivable loans secured by a Deed of Trust, with a maximum of $33,333 per unit.
Contract Details
Contract Amount
$100,000
Vendor
HABITAT FOR HUMANITY OF THE CHARLOTTE REGION
Agency
Town of Davidson, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
30-year forgivable loans to individual homebuyers
Renewal Date
2056-04-14
Renewal Info
One-time down payment assistance allocation tied to three units; assistance structured as 30-year forgivable loans rather than a renewable service contract.
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