Property

HOUSING SERVICES DEPARTMENT
PROPERTY FOR SALE

5(h) Affordable Homeownership Program
The Des Moines Municipal Housing Agency (DMMHA) sells its homes, former Public Housing rentals, located throughout the city of Des Moines to eligible participants. If you have reasonably good credit and have worked at a job for at least a year, you may be eligible to buy one of these homes at a great price. Houses are being sold at 2/3 of the appraised value; the other 1/3 will be forgiven if you uphold your agreement with the City. The houses are 2-, 3-, and 4-bedroom single family homes.

Click here to view the current property listing.

Requirements

You must have an annual income of at least $20,000, and not exceed maximum program income limits.
Pre-screening by the DMMHA to ensure that you do not have a history of criminal activity
- Previous rental history
- Past participation in a federally subsidized housing assistance program
Homeownership counseling
Approval for financing
Home must be owner occupied for at least 7 years

If interested, you must submit an application for the 5(h) Affordable Homeownership Program. The applications may be picked up at the address below or click here to download the application. Click here to download instructions:

Des Moines Municipal Housing Agency (DMMHA)
100 E Euclid Ave Suite 101 – Park Fair Mall
Des Moines, IA 50313

Disposition
The City of Des Moines Housing Services Department received approval from the U.S. Department of Housing and Urban Development (HUD) to sell 394 Public Housing units (2-, 3-, and 4-bedroom homes; duplexes, and row houses).

The properties will be sold over an 8-10 year period, approximately 50 units per year at reserved minimum bid prices.

For more information, contact (515) 323-8988 or the Housing Services Department at (515) 323-8950.

Administrative Offices – Park Fair Mall
100 E Euclid Ave. Suite 101
Des Moines, Iowa 50313
(515) 323-8950