CSCDC American Dream Downpayment Initiative (ADDI)
Funding status: Active
How much assistance
Up to $10,000 (10% of purchase price, whichever is less) (Forgivable Loan)
Forgiven after 5 years if applicant remains in the home. No interest and no monthly payments during forgiveness period.
Eligibility
- Income limits: Must be under annual low-income limits
- First-time buyer required: Yes
- Geographic restrictions: Crawford County and Sebastian County, Arkansas.
- Homebuyer education required: Yes
How to Apply for CSCDC American Dream Downpayment Initiative (ADDI)
Step 1: Contact CSCDC at (479) 785-2303 at 1617 South Zero Street, Fort Smith, AR 72901. Complete an 8-hour HUD-approved homebuyer counseling class. Must be a low-income first-time homebuyer.
Notes
Verified via findhelp.org and CSCDC website. Program covers both Crawford and Sebastian counties.