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.