10/24/2025
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🏡 Big news for Flagstaff homebuyers!
At yesterday’s City Council Meeting, City Council approved a resolution expanding the Community Homebuyer Assistance Program (CHAP) to include a brand-new Permanent Affordability Pilot Program! This innovative pilot offers eligible homebuyers up to 30% of a home's purchase price in NON-REPAYABLE assistance, in exchange for securing permanent affordability through a 99-year renewable ground lease or deed restriction. Together, the existing program and the new pilot expand homeownership opportunities, support mixed-income neighborhoods, and keep homes affordable for generations to come.
For the resolution, presentation, and agenda item visit: https://public.destinyhosted.com/agenda_publish.cfm?id=35247&mt=ALL&get_month=10&get_year=2025&dsp=agm&seq=9376&rev=1&ag=4528&ln=60221&nseq=9405&nrev=1&pseq=9375&prev=1 #