City of Lawton selling home through FTHB Program
September 7, 2023
Caitlin Gatlin | Communications & Marketing Manager
The City of Lawton’s Housing & Community Development Department is looking to sell a home to a family in need through its First Time Home Buyer’s Program.
The home was appraised at $112,000 but will be sold for $75,000. First time home buyers will receive $15,000 to cover closing costs.
The home must be sold to a low to mid income family, based on the Affirmative Fair Housing Market Guide. Please refer to the chart below to learn who would qualify for the program:
Effective June 1, 2023 Lawton, OK Median Area Income $49,600 |
80% of Median Low Income Eligible for: FTBH (HOME) Rehab (HOME) |
|---|---|
| HOUSEHOLD SIZE | AMOUNT |
| 1 PERSON | $39,700 |
| 2 PERSON | $45,350 |
| 3 PERSON | $51,000 |
| 4 PERSON | $56,650 |
| 5 PERSON | $61,200 |
| 6 PERSON | $65,750 |
| 7 PERSON | $70,250 |
| 8 PERSON | $74,800 |
Applicants must also be approved for a $75,000 loan.
If the homeowner does not reside in the home for the applicable period of affordability, which is 10 years, all or a portion of the forgivable loan must be paid back to the City of Lawton.
The City of Lawton will host an open house on Saturday, October 14th and Sunday, October 15th at the home (1914 NW Cherry Avenue). Click here to access the application. All applications, along with required documents must be returned to the Housing & Community Development Department located at the Owens Multipurpose Center at 1405 SW 11th St, Lawton, OK 73501.
For more information, contact the Community Development Administrator, Gary Brooks, at @email.