The SHIP Program
The SHIP Program
(State Housing
Initiative Partnership)
was created by the William E. Sadowski Affordable Housing Act of 1992. It
is a housing program funded through the documentary stamp tax and used primarily
in Marion County to assist eligible households with the purchase or repair
of a home. The State of Florida requires that a least 30% of SHIP dollars
received by the County be expended to assist Very Low income households.
At least another additional 30% must be spent on Low-income households.
This means that applicants with incomes falling within the income category
need will receive priority.
HOME (Home Investment
Partnership Program) is a HUD (US Department of Housing and Urban Development)
entitlement program primarily used in Marion County to assist eligible very-low
income households with the purchase of a home and for the demolition and
replacement of dilapidated homes.
Purchase Assistance – Provides
second mortgage loans Up to $20,000 for down payment and closing costs for
the purchase of a home.
Rehabilitation – Provides second
mortgage loans up to $25,000 to assist homeowners with needed repairs or
additions to improve health, safety, and the structural integrity of the
home.
Demolition & Replacement – Replace
existing uninhabitable or dilapidated structures by providing zero interest
loans to very low-income homeowners for the demolition and replacement of
their home.
Disaster Assistance – Provides
emergency disaster assistance to very low, low and moderate-income homeowners
to address emergency housing needs due to a declared disaster or state of
emergency. The maximum grant is $3,000.
SHIP Lender's Guidelines
Income Limits
Homebuyer Education Course Schedule
Notice of Funding Availability
Fair Housing Survey
