what is the eligibility for ADDI assistance

To be eligible for ADDI assistance, individuals must be first-time homebuyers interested in purchasing single family housing. A first-time homebuyer is defined as an individual and his or her spouse who have not owned a home during the three-year period prior to the purchase of a home with ADDI assistance. ADDI funds may be used to purchase one- to four- family housing, condominium unit, cooperative unit, or manufactured housing. Additionally, individuals who qualify for ADDI assistance must have incomes not exceeding 80% of area median income.Contact your local home administering agency and you can find out who they are by visiting the HUD website. Good Luck!The Gimbel Team... Serving Mortgage Clients for 25 years

See fine answer by TeamGimbel.

Yep, TeamGimbel is on point.

Contact me to discuss: Jim Mazzola jmazzola@sunnb.com

see the first reply, its spot on

Team Gimbel is correct

I am not sure if ADDI assistance is currently appropriated for 2013. It was intended for years 2003 to 2008. I do have SHIP funds, NSP funds, and CDBG funds available in Florida. Call me if interested 954 558 4430 Craig