See programs you qualify for
Get Matched Free →Excellerate Foundation HOMES Program
Funding status: Active
How much assistance
Up to $50,000 toward the purchase of a permanent home after up to 5 years of participation
Participants live in shared-equity housing at McAuley Place for up to 5 years, paying principal and interest monthly. Upon exit, accumulated principal plus a share of equity appreciation (up to $50,000) can be used toward a permanent home purchase.
Eligibility
- Income limits: Must be a Bentonville School District employee or Mercy employee
- First-time buyer required: No
- Geographic restrictions: McAuley Place development in Bentonville, AR. Limited to Bentonville School District employees (35 cottages) and Mercy employees (5 cottages).
- Homebuyer education required: No
How to Apply for Excellerate Foundation HOMES Program
Visit bentonvilleteacherhomes.com or contact the Excellerate Foundation for application details. Participants move into McAuley Place cottages with no down payment, no PMI, no closing costs, and no property tax. After up to 5 years, participants exit with up to $50,000 toward purchasing a permanent home.