City of Cape Coral SHIP Purchase Assistance Program

Administered by: City of Cape Coral Community Development - Housing and Grants Division · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $75,000 (Forgivable Loan)

Zero-interest deferred loan with no monthly payments. Fully forgiven after 7 years of continuous owner-occupancy. Must be repaid if the home is sold or refinanced before the 7-year period.

Eligibility

  • Income limits: Household income at or below 120% of Area Median Income (AMI). Priority given to very-low income (50% AMI) and Special Needs households.
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase a home within the City of Cape Coral.
  • Homebuyer education required: Yes

How to Apply for City of Cape Coral SHIP Purchase Assistance Program

Step 1: Apply through an approved participating lender. Complete a HUD-approved homebuyer education course. Contact the City of Cape Coral Housing and Grants Division at housing@capecoral.gov for current availability and approved lender list. Funds are distributed on a first-come, first-served basis.

Visit program website

Notes

Funded through the Florida State Housing Initiatives Partnership (SHIP) program. One of the most generous SHIP programs in the region. Funding availability varies by cycle.

Cities Where This Program Is Available