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Homebuyer Incentive Program
About the Program
The Homebuyer Incentive Program provides 0%, deferred payment loans in the amount of $5,000 for first time, income eligible home purchasers. 
  • Requirements - The loan is used for down payment and settlement help and is combined with $1,000 that comes from the purchaser.  The purchaser must also complete a Home Buyer Counseling course from a certified agency. 
  • Funding - This program is funded through the City's Federal Community Development Block Grant. 
  • Federal Requirements - Other Federal requirements apply. Please consult with the Planning and Development Department for further details.
  • Counseling Areas - Check out the HUD Approved Counseling Areas document.
  • Application - View the Homebuyer Assistance Program application.