July 15th, 2007 12:53 AM by Lisa Carey
Just a quick note on our popular HOP Homes - it appears that the state HOP funding for 2006-2007 has been depleted. We are all anxiously awaiting the replenishment of these funds for the 2007-2008 as many HOP spec homes are under construction and buyers are standing by. The most nervous are the buyers and builders already under contract for HOP homes but without reservations for funding.
Several local sources feel certain that funds will soon be available and I remain optimistic, as well. But, nothing is certain. As soon as I have any news, you'll find it posted here.
For those unfamiliar with HOP, it provides between 25-35% of the cost of the new construction home as a no-interest, deferred-payment loan to qualifying buyers. Homes must be built by qualifying builders and to certain HOP specifications. This successful program has placed many families in high-quality homes at affordable prices.
Please e-mail me at Lisa@CareyCottage.com with any questions. I hope you'll check back soon for any word on HOP.