Please read on for more information about Downstreet’s Down Payment Assistance Program.

 

Down Payment Assistance Program

The purpose of Downstreet’s Down Payment Assistance Program is to provide and support affordable, sustainable home ownership to present and future buyers. In particular we focus on those excluded from the market by offering comprehensive education and counseling, shared equity purchase subsidies, stewardship, and related services.

How Does Down Payment Assistance Work?

Downstreet provides down payment assistance to homebuyers through grants up to 20% of the purchase price (maximum $40,000) to income-eligible buyers. The grants stay with the homes upon resale and are recycled to the next income-eligible purchaser. In exchange for the grant, the purchaser agrees to limit the amount of appreciation taken at the time of resale. This internationally recognized model of shared equity home ownership is funded through a public/private partnership of local, state and national investors.

 

Please visit our HomeOwnership Center for more information about how to get started on the path to home ownership.

Learn More!

We host monthly informational meetings to explain more about our Down-Payment Assistance Program, and everyone is welcome to attend! No matter where you are in the home-buying process, or even if you haven’t started yet, we encourage you to join us if you would like to learn more about how this program works and whether it might be a good fit for you.

Below are the dates we will gather to talk about everything you ever wanted to know about our Down-Payment Assistance Program. To register, please email Cheryl Moyer by the date indicated below.

Date of Meeting Time Register By
Thursday April 25th, 2019 4:00pm to 5:00pm Monday April 22nd
Friday May 10th, 2019 12:30pm to 1:30pm Monday May 6th
Thursday June 6th, 2019 4:00pm to 5:00pm Monday June 3rd
Friday July 12th, 2019 11:30am to 12:30pm Monday July 8th
Thursday July 25th, 2019 4:00pm to 5:00pm Monday July 22nd
Friday August 23rd, 2019 12:00pm to 1:00pm Monday August 19th
Thursday September 26th, 2019 4:00pm to 5:00pm Monday September 23rd
Friday October 25th, 2019 11:30am to 12:30pm Monday October 21st