Cincinnati American Dream Downpayment Initiative (ADDI)

Administered by: City of Cincinnati Department of Community and Economic Development · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $14,000 (tiered: $10,000 for 66-80% AMI, $12,000 for 51-65% AMI, $14,000 for at or below 50% AMI) (Forgivable Loan)

Five-year non-interest-bearing deferred loan. Forgiven after 5 years of residency. All or a portion is recaptured if homeowner moves, sells, or transfers ownership during the 5-year period.

Eligibility

  • Income limits: Household income must not exceed 80% of Area Median Income.
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase a single-family home, condominium, cooperative unit, or manufactured housing within the City of Cincinnati limits.
  • Homebuyer education required: Yes

How to Apply for Cincinnati American Dream Downpayment Initiative (ADDI)

Step 1: Must be pre-approved for a mortgage loan before applying to ADDI. Applications accepted on a rolling basis throughout the year. Once pre-approved, applicants have 90 days to submit a purchase contract. Contact the City of Cincinnati Department of Community and Economic Development for details.

Visit program website

Notes

Assistance is tiered by income level. Lower-income applicants receive more assistance. Applicants must be pre-approved for a mortgage before applying.

Cities Where This Program Is Available