Town of Davidson Board of Commissioners Meeting Agenda April 2026
Town considers $100k down payment aid for Habitat
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Description
The Town of Davidson is considering reallocating $100,000 from its FY2026 Affordable Housing budget to provide down payment assistance for income-qualified buyers of Habitat for Humanity of the Charlotte Region's Shearer Street triplex. The funding would be delivered as 30-year forgivable loans, capping mortgage payments at 30% of household income and secured by a Deed of Trust.
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 27, 2026
Contract Term
30-year forgivable loans for individual homebuyers
Renewal Info
One-time reallocation of FY2026 funds to support down payment assistance; loans are forgivable over 30 years for qualifying buyers.
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