Constance Bones, Program Technician II
701 North 7th Street
Office Hours are Monday thru Friday, 8 a.m. to 5:00 p.m.
Community Housing Investment Partnership
2014 CHIP Funding is now Available
The Unified Government of Wyandotte County/Kansas City Kansas, through the Housing and Community Development Department is offering a second mortgage for homebuyers. This program is called the Community Housing Investment Program (CHIP).
CHIP is designed to leverage private mortgage funds to assist targeted income households in purchasing a home. Funds for the second mortgage are provided through Housing Urban and Development HUD/HOME program.
Maximum Purchase Price
Maximum allowable purchase price $133,000.00 on existing properties an $195,000.00 on new construction. Approved applicants can receive a maximum of $15,000.00 in CHIP funding (which equals 20% of $75,000.00). Funding for properties that exceed the sale price of $75,000.00 will be capped at $15,000.00.
Applicants cannot own any real estate at time of closing, or be a previous CHIP participant.
- CHIP Income Guideline
The eligible loan amount is based according to the HUD median income level. Eligible household income must be at or below 80 percent of the area median.
| HUD Median Income Levels
|| Subsidy as a percent of the selling price
80% and below --------------
20% subsidy - Not to Exceed $15,000.00
To determine if you qualify for the CHIP Program, please get started by selecting one of the links below for additional information.