Down Payment and Closing Cost Assistance

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.

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.

Program Materials

Download Program Summary - English

Download Program Summary - Arabic

Download Program Summary - Chinese

Download Program Summary - Nepali

Download Program Summary - Portuguese

Download Program Summary - Russian

Download Program Summary - Spanish

Download Program Summary - Swahili 

Language translation is available free of charge. Please send an email to translation@ura.org.

2020 HUD Approved Housing Counseling Agencies

Download Application: Down Payment/Closing Cost Assistance Application

Contact

If you would like to submit an application, have questions or need assistance, please contact:

Phone: 412-255-6694, ext 6721

Email: hof@ura.org

Read Stories

• Noah Rectenwald, 100th Recipient of the DPCCAP, Has Positive Experience Buying Home
  
  
• Celestin Uwintonze Improved Credit and Bought a Home with the Help of HOF
  
  
• Susan Smith Credits Housing Assistance as Life-Changing
  
  

• HOF Celebrates One of First Participants in the Down Payment and Closing Cost Assistance Program