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Trilogy NoMa's Incentives Just Got Serious; Arlington Trying To Make It Easier For First Time Homebuyers

NOMATrilogy NoMa had their grand opening so now they're starting to roll out the incentives to sign a lease. Tomorrow, December 8th, from 10am – 5pm they're hosting many, many tours and will have a shuttle running from NoMa-Gallaudet Metro Station all day. [CurbedInbox]

Here are the major perks for touring tomorrow:

· Tour the property on 12/8 & get a $10 Metro Card
· Sign a lease on 12/8 & get a $500 Visa Gift Card at move-in
· Sign a lease on 12/8 & move in by 12/31 & get 6 months of Free Parking

See our previous coverage with price lists and unit photos here.

ARLINGTON—The County Board just approved an extra $500,000 to help low- and moderate-income first time homebuyers. See all the details and contact information after the jump. [CurbedInbox]

Arlington County Approves an Additional $500,000 to Help First-Time Homebuyers Purchase in the County

Here is a holiday gift for qualified Arlington homebuyers--the County Board recently approved an additional allocation of $500,000 for down payment and closing cost assistance for low- and moderate- first time homebuyers.

In March 2012, the County Board also approved $500,000 MIPAP funds for residents of the Buckingham Village community; ending 2012 with a commitment totaling $1.2 million for the MIPAP program.

The new money can help to assist between 10 and 15 families or households. Through the Moderate Income Purchase Assistance Program (MIPAP), the County can lend up to 25 percent of the purchase price of the property. This second trust mortgage has no payments or interest charged through the 30 year loan period. When a homebuyer chooses to sell or refinance the property an appraisal of the property will be done to determine if the property has increased in value; if so, then the homebuyer would owe the County the original loan amount plus a proportionate share do the net appreciation, if any.

The maximum purchase price is $362,790 (for calendar year 2012); with the maximum MIPAP loan amount at $90,700.

APPLY NOW! MIPAP applications for financial assistance will begin December 3, 2012. Applicants must complete the one page Homebuyer Assessment Form, complete the VHDA homeownership education course, and obtain good faith estimate from one of the approved mortgage lender partners.

Project Contacts
Doug Myrick Odalis Barrios (Spanish-speaking representative)
703.228.3786 703.228.3793

Trilogy at NoMa

151 Q Street, NE, Washington, DC