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Get Matched Free →Community Homebuyers Corporation Homeownership Assistance Program
Funding status: Active
How much assistance
20% of the home purchase price (forgivable second mortgage)
Grant is forgiven over time while meeting ongoing criteria. Homebuyer must live in the home for 5 years after completing requirements to have the grant fully forgiven.
Eligibility
- Income limits: Household income may not exceed 80% of area median income (AMI) adjusted for household size
- Purchase price limit: $175,000
- First-time buyer required: Yes — Must be a first-time homebuyer
- Geographic restrictions: Properties must be owner-occupied, single-family units or condominiums within the city limits of South Bend, IN
- Homebuyer education required: Yes
How to Apply for Community Homebuyers Corporation Homeownership Assistance Program
Contact CHC Program Staff at 574-235-5880. You must complete a financial management/budget course and pre-purchase counseling before applying. You may not have a signed purchase agreement at the time of application.
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