City of New Orleans Direct Homebuyer Assistance Program

About This Program

The City of New Orleans Direct Homebuyer Assistance Program provides down payment and closing cost subsidies to eligible first-time homebuyers, helping bridge the gap between the purchase price and the maximum mortgage loan amount. Funded through CDBG, the program targets households at or below 80% AMI, enabling homeownership that can then be leveraged for future improvement programs.

Down payment and closing cost assistance; amount varies by household gap and available funding. Structured as a deferred loan or forgivable loan.

Key Details

• Down payment and closing cost subsidies for first-time homebuyers
• Income at or below 80% AMI
• Bridges gap between purchase price and mortgage amount
• Funded through federal CDBG allocation
• Contact New Orleans OCD at (504) 658-4000

How to Apply

Deadline: Contact New Orleans OCD at (504) 658-4000 for current availability