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The Down Payment and Closing Cost Assistance Program (DPCCAP) provides financial assistance to eligible first-time homebuyers in the City who are interested in purchasing an existing or newly constructed residential unit.

What types of loans and repayment options are available through DPCCAP?

  • First-time homeowners under 80% of the Area Median Income (AMI) can receive up to $7,500 for down payment and closing cost assistance in the form of a 0% interest, 5-year deferred loan.*

  • First-time homeowners between 80% AMI and 115% AMI can receive up to $5,000 for down payment and closing cost assistance in the form of a 0% interest, 10-year deferred loan.*

  • No payments are made during the term of the loan if residency requirements are met.

*Please refer to this chart to check your eligibility.


Household Size

80% 

115%


$47,500

$68,300

2

$54,300

$78,050

3

$61,100

$87,800

4

$67,850

$97,520

5

$73,300

$105,350

6

$78,750

$110,750

 

Eligibility Requirements

  • The borrower’s annual gross household income may not exceed 115% of the AMI.

  • The borrower must be purchasing the home as his/her primary residence and have his/ her name on the deed.

  • The borrower must not have any outstanding City, School, and County real estate taxes, or the borrower must be on a payment plan for at least six months.

Eligible DPCCAP Properties

  • A permanent structure used primarily for year-round residential use. If the property to be improved is vacant, the borrower must certify in writing prior to closing his/her intent to occupy the property within 30 days upon work completion.

  • Each property may contain up to two connected dwelling units (i.e., duplex, townhouse), one of which must be owneroccupied.

Download Program Summary - English

Download Program Summary - Arabic

Download Program Summary - Chinese

Download Program Summary - Nepali

Download Program Summary - Spanish

Download Program Summary - Swahili 

2020 HUD Approved Housing Counseling Agencies

Download Application: Down Payment/Closing Cost Assistance Application

Please submit your application to Lisa Korade, program assistant, at lkorade@ura.org.

 

For more information, please contact Lisa Korade, program assistant, at 412.255.6651 or via email.

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