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AHEAD Regional Housing Trust Fund First-Time Homebuyer Program

Administered by: Area 15 Regional Planning Commission (AHEAD RHTF) · Nonprofit · Repayable Loan

Funding status: Active

How much assistance

Up to $10,000 loan for down payment and/or closing costs (Repayable Loan)

Eligibility

  • Income limits: Less than 80% of the HUD Mortgage Rate Based (MRB) income limit. At least 30% of program dollars must benefit extremely-low-income households (<30% AMI).
  • First-time buyer required: Yes — A first-time homebuyer is defined as anyone who has not owned a home in the last 3 years.
  • Geographic restrictions: Davis, Jefferson, Keokuk, Mahaska, Van Buren, and Wapello counties
  • Homebuyer education required: No

How to Apply for AHEAD Regional Housing Trust Fund First-Time Homebuyer Program

Step 1: Loan applications are accepted at any time. Call Matt at 641-684-6551 to schedule an appointment with the Area 15 Regional Planning Commission. Funds can be used on the purchase or construction of a home.

Notes

AHEAD RHTF is a revolving loan fund administered by Area 15 Regional Planning Commission. Mission is to promote creation and preservation of affordable housing for low-to-moderate-income households across the 6-county region.

Cities Where This Program Is Available