The City of Taylor recently purchased several FHA-foreclosed homes from the U.S. Department of Housing and Urban Development (HUD) and created the "Taylor Cares" Program.

The "Taylor Cares" Program has been established to provide first-time homebuyers with low to moderate income an opportunity to become proud homeowners and encourage community revitalization. "Taylor Cares" LLC complies and performs business in accordance with the Fair Housing Act and does not discriminate against any person because of race, color, religion, sex, handicap, familial status or national origin.

*Applicants interested in the program must meet the following requirements:

• Income guidelines to be eligible for the program are based on 80 percent of Wayne County's median household income:
  $39,750 for family of one          $45,450 for a family of two
  $51,100 for a family of three     $56,800 for a family of four
  $61,350 for a family of five       $65,900 for a family of six
  $70,450 for a family of seven    $75,000 for a family of eight
  (Annual household income based on family size may not exceed these amounts)

• Applicant must be a first-time homebuyer, meaning, an individual who has had no prior ownership in a residence or an individual who has only had an ownership interest with a former spouse while married.

• One person in the family must have continuous full-time employment with an minimum of 24 months prior continuous full-time employment.

• Applicant must be able to obtain a mortgage from a state licensed lender. FHA-approved lenders preferred. Applicant must have a pre-qualification letter from a qualified lending institution to submit with application.

• Applicant must agree to live in the home (owner occupied) as owner's primary residence for at least 5 years. Deed restriction will require that if owner must sell the home prior to the expiration of 5 years Taylor Cares L.L.C. or at fair market value, whichever is lower.

• Applicant must agree that the property will be used as a private residence only and will not be used for any business or commercial purpose.

• Applicant and occupants of the home will be subject to a criminal history review.

• Applicant must participate in a specified homeownership education program (Ex: National Faith Homebuyers Program - (313)255-9500)

If you require assistance, Please contact the Community Development and Housing Department at (734)374-1366.

Download the PDF application here .

Program requirements may change
All HUD requirements will apply