If your household income is equal to or less than the 100% Area Median Income (AMI) limit, you may qualify for this incentive.
Homebuyer must earn their Homeownership Counseling Certificate showing they completed 8 hours of counseling and a 1-on-1 counseling session from a City-approved counseling agency before closing on a loan. Reference the NHS Project Reinvest website to find the names of the specific 7 city-approved agencies for this incentive.
Homebuyer must use an approved lender. Reference the website to find the names of the participating lender institutions.
Go to the NHS Project Reinvest website to take their eligibility quiz and follow their instructions to apply.
|The home must be the homebuyer’s primary residence.|
|Homebuyer must invest a minimum of $1,000 from personal resources.|
|Incentive may be used toward downpayment and closing costs.|
|This is a 0% interest deferred loan (You must repay this loan when you refinance your mortgage, transfer ownership, or sell the home).|
|The home may have up to 4 zoned residential units.|
|Homebuyer may not own any other properties, including investment properties, at time of settlement.|
|This incentive may be used in addition to other incentives.|
|Incentive appears as a second lien on property until the balance is forgiven or repaid.|
|Homebuyer must use an approved lender.|
For More Information
Neighborhood Housing Services