Holly
 12/15/2008 Waiting List PurgeIts that time of year again - time to validate our Waiting Lists. If your application or any updates were completed prior to July 2008, you should receive a postcard in the mail within the next few days (if we have your current mailing address). Please tear off the bottom portion and drop it back into a mailbox. This response will ensure that your name remains on our Waiting Lists. Please return your card prior to January 2, 2009. Failure to return the card will remove your name from all waiting lists, and you are welcome to re-apply.12/14/2008 Offices ClosedThe HCAAC Offices will be closed Thursday, December 25, and Friday, December 26 for the Christmas holiday. We will also be closed Thursday, January 1 to celebrate the arrival of 2009.08/11/2008 NOTICE TO LANDLORDS-UPDATEOur Thanks to all Landlords who have provided bank information to allow us to process automatic direct deposits. This process has saved us many hours of manual labor, and has afforded you quicker access to payments. For the few that still have not responded, please do so as soon as possible. |
Lease Purchase ProgramThe Housing Commission’s Key Choices program offers families with income between 80 and 140 percent of area median income the opportunity to eventually own their home. Simply stated, Key Choices allows you to select and live in the home now, while making lease payments that go toward the monthly mortgage payment. If you have satisfactory credit, but not sufficient funds for a down payment and closing costs, Key Choices permits you to lease your home with a portion of your lease payments going to repay funds provided by the Housing Commission of Anne Arundel County for the inital closing costs to purchase the home. If you have impaired credit, Key Choices assists you in establishing or re-establishing a good credit reputation. At the end of the lease, you exercise the purchase option and become the homeowner and you assume the existing mortgage provided you have complied with the requirements. You do not need to make a down payment but you may be required to pay for a new appraisal, transfer and recording taxes and lender fees at the time you exercise the purchase option.
For further information, visit their website www.keychoices.org
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