Homebuyer Assistance
Homebuyer Assistance grants are made to local units of government and Community Housing Development Organizations (CHDOs). The intent of these grants is to provide assistance to income eligible families in purchasing a home by providing down payment assistance or mortgage buy-down to eliminate high monthly payments.
The State will accept applications for Homebuyer Assistance from local units of government and CHDOs using a competitive process to distribute HOME funds statewide. The State has designed specific selection criteria that will be used to objectively rate the applications. Applications will be accepted for downpayment assistance on the purchase of existing housing stock that meets local housing code and is complete and ready for occupancy..
CHDOs submitting an application for the Homebuyer Assistance in the CHDO set-aside will use the same criteria and will use the Homebuyer Assistance application. The CHDO must have site control to be eligible for this activity.
Grant Size - The maximum and minimum grant sizes for Homebuyer Assistance are $500,000 and $2500,000, respectively.
For more information:
Community Services Division
Telephone: 601.359.3179
Fax: 601.359.3108
community@mississippi.org
Or contact your local
MDA Regional Office.