What are the advantages of buying one of HHP’s homes?

When you purchase one of HHP’s homes, you are buying a market-rate home that has been subsidized by HHP and its government partners. This government financing assistance means that you will secure your first mortgage financing and make your down payment based on an Affordable Sales Price rather than on the true market or appraised value of the home, which can be up to 50% more than the Affordable Sales Price. In addition, your property taxes will be based on the Affordable Sales Price rather than on the market value of the home. Most of HHP’s buyers are able to make the minimum down payment of 5% without incurring mortgage insurance due to the government subsidy. Finally, as a homeowner, you will receive additional tax benefits.