Down Payment Assistance Program

The Chamber’s voluntary community committee of experts will ONLY review electronic applications that meet ALL requirements

The grant application will open on August 1, 2026, and remain open until June 15, 2027, or when funding has been exhausted  

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Applications eligibility requirements for $10,000 grant:
1. Must upload proof of household income which must be below 120% of the Area Medium Income (AMI)
2. Must upload mortgage pre-approval letter
3. Must upload contract for purchase and close within 90 days or before June 15, 2027
4. Must upload certificate of completion of homeownership counseling delivered by financial institution of choice
5. Must provide a short description (200 words or less) describing how this grant will assist you in procuring a home
6. Upload other grants and amounts
7. You may not receive any cash back at closing  

Other:
‍1. FICO scores, interest rates, loan program, and other requirements are dependent on your financial institution
2. Eligible home purchase types depend on what your financial institution offers
3. Gift letter will be sent to the loan officer
4. The grant will be wired to the Title/Escrow Company
5. Grant may be used for downpayment or closing costs.

Ineligible Purchases:
1. Second homes
2. Investment properties

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