$35,000 Homebuyer Assistance Program

About This Program

Forgivable second mortgage for buyers rehabilitating City-owned foreclosed homes. No income limit. 0% interest, forgiven pro-rata over 5 years. Limited to 50% of total purchase + rehab cost. Requires occupying the home as primary residence for 5 years after rehab completion.

City-owned foreclosed properties only (1–2 units)

Key Details

• Up to $35,000 forgivable second mortgage for rehab
• 0% interest, forgiven annually over 5 years
• No income limit, not limited to first-time buyers
• City-owned foreclosed properties (1–2 units) only
• Must occupy as primary residence for 5 years post-rehab

How to Apply

Deadline: Rolling — while City-owned foreclosed homes available