LIVE IN THE NORTHSIDE
Northside Down Payment Assistance
On behalf of the Northside Development Group, CommunityWorks will be offering down payment assistance up to $15,000 to first-time home buyers purchasing a home in the Northside Neighborhood.
Eligible Buyers (must meet all requirements):
Homebuyers with AMI between 80% and 200% may qualify for up to $10,000. Homebuyers with AMI at 80% or below may qualify for up to $15,000.
You must be one of the following:
A first-time home buyer at or below 200% AMI
A District 7 Employee (no income limits)
A Local Hero at or below 200% AMI such as: Teachers, First Responders, Police Officers, Firefighters, or Nonprofit Employees
Secure a fixed-rate mortgage
Monthly mortgage must be affordable ($35 of monthly income) **
Attend a homebuyer workshop
Have a mortgage lender first complete the Lender Application Checklist
Purchase a home in the Northside Neighborhood to be used as their primary residence
* The amount of funds will be contingent on buyers’ mortgage, financial situation and needs based. Funds will be awarded on a first-come, first-serve basis.
** Up to 40% based on buyers demonstrated ability to pay (ie: if rent was higher than mortgage)
Have additional questions about Down Payment Assistance?