Housing & Community Initiatives, Inc.
(HCI)
HOUSING & COMMUNITY INITIATIVES, INC
438 N. Frederick Ave., Suite 305
Gaithersburg, MD 20877
Tel.: 301-590-2765
· Fax: 301-990-0421
 
 First Step to Housing Success
 
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12th Annual Fundraising Golf Tournament - 2006

 
 R.E.A.C.H.
 

R.E.A.C.H. is a joint venture between the City of Rockville and HCI., a non-profit charitable corporation.  The City of Rockville has provided the funds to assist first-time homebuyers with down payment and closing cost assistance related to the purchase of a home.  Housing & Community Initiatives, Inc. manages all functions of the operation, coordinating, and contributing services.  

R.E.A.C.H. is structured to assist applicants with loans for down payment and/or closing costs that will enable them to become homeowners in Rockville.  Applicants must meet the program criteria, qualify for a home mortgage, and be able to repay the R.E.A.C.H. loan.  This creates a revolving fund that is perpetually replenished.

The R.E.A.C.H. program will address a segment of the population that might be viewed as "caught in the middle". These people can afford a monthly mortgage payment, but have not been able to save a sufficient amount for a down payment and/or closing costs to buy a house.

By creating a path to homeownership, the R.E.A.C.H. program is extending a helping hand to the community.  Every renter who becomes a homeowner and every family who can live near work and daycare, contributes significantly to the well-being of our communities and to our children’s futures.  Channeling the endeavors of this visionary program toward these goals will have far-reaching effects on Montgomery County’s economic health and its citizens' quality of life.

 

 R.E.A.C.H.  Application Procedure