NOTE: There are no income restrictions for the Phoenix Housing Programs.

One of the goals of the Phoenix Project is to help current homeowners in the area keep their homes in good condition.  We also want to encourage increased homeownership in the neighborhoods.  Since 2004 $1 million dollars has been invested in the Phoenix area through new home purchases or home improvement activities.

Home Improvement Loans

Whatever your income level or size of your home improvement project, the Phoenix Project most likely has a loan option to suit your budget. In many cases, CityWide Development can help you decide what needs to be done, and can help you get bids from contractors. There is a special emphasis on making homes in the area lead safe. We can help determine if your home needs lead paint abatement. Some of our home improvement loans are forgivable over five years. That means if you stay in your home for five years, you will never have to pay back the loan amount. Some of our home improvement loans are deferred. That means you would not have to make any payments until you sell or refinance your home.

Match: Some Phoenix Home Improvement loans offer homeowners an incentive to invest in their homes.  For every two dollars contributed by the homeowner, one dollar is awarded by Phoenix. Incentives differ by zones, see map for the amount of incentive available.  This does not mean that the homeowner must actually have the match money.  For example, if the homeowner wishes to make $3000 worth of improvements, they can borrow  $2000  (for example through a  home equity loan) and they can get another $1000 from the Phoenix Project.  That's like getting $3000 for $2000!
 

All CityWide Development home improvement loans require that the borrower is the homeowner and is living in the property.

For more information about Home Improvement loans, contact Home Improvement Loan Officer Erica Hubler, at (937) 853-2545.

Home Purchase/Buyer Opportunities/Home Buyer Education

Down payment assistance programs are available for buyers with low, moderate or higher incomes. Special mortgage loans are available through the Phoenix Project banking partner Fifth Third bank, and other area lenders. Home Buyer classes, offered each month through CityWide Development, can help prepare you for the big step of buying a home. Credit counseling through CityWide Development can help you understand and strengthen your credit situation.

For more information about homebuyer education, credit counseling and down payment assistance, contact Pam Waltrip, Mortgage Credit Counseling Manager at (937) 853-2557.

Programs for Good Samaritan Employees

There are special financial incentives available to employees of Good Samaritan Hospital who either want to improve the Phoenix area home they already own, or want to buy a home in one of the Phoenix Project neighborhoods. Contact Jill Hamilton at (937) 275-1222 or by email at: jill937@msn.com for details on the HomeChoice program. 

See map  illustrating eligibility area for certain housing products.

Rebuilding Together Dayton

Rebuilding Together Dayton is a volunteer-driven, non-profit organization that assists low-income Dayton homeowners, particularly the elderly and disabled, to live in warmth, safety and independence by building community partnerships and providing home rehabilitation. With Rebuilding Together Dayton's assistance, eleven homes have been rehabbed in the Phoenix Project area

Rebuilding Together Dayton selects projects from nominations by neighborhood groups, churches, neighborhood development corporations, city housing inspectors, priority boards and individuals. Applicants must own their own homes in the City of Dayton and have a combined household income of less than 80% of the area median income. Preference is given to homeowners who are elderly and/or disabled and have lived in their homes for a minimum of 10 years. To get more information, contact Rebuilding Together at: 229-4893 or check out their website at: http://www.rtdayton.org/