FAQs
How much assistance will be given?
The City would grant to a qualifying homebuyer a certain percentage of the necessary 5% down payment at the time of closing*. Assistance will be granted on a sliding scale based on gross annual household income:
- Less than $99,999 would receive 75% of the down payment
- $100,000 to $114,999 would receive 50% of the down payment
- $115,000 to $135,000 would receive 25% of the down payment
To calculate estimated assistance, use our calculator below. Simply enter your household income and then select the unit type you would like from the dropdown. The form will auto-calculate, mortgage required, downpayment as well as the assistance amount:
* Assistance amounts will need to be fully confirmed during the application process.
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