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City of Gary First Time Homebuyer Program (HON)

Administered by:
City of Gary Department of Community Development
· City · Forgivable Loan
Funding status: Active

How much assistance

Up to 10% of purchase price or $10,000, whichever is less. Amount varies by AMI: 80-70% AMI up to $4,000; 69-60% AMI up to $5,000; 59-50% AMI up to $6,000

Eligibility

  • Income limits: 1-person: $40,800; 2-person: $46,600; 3-person: $52,450; 4-person: $58,250; 5-person: $62,950; 6-person: $67,600
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years
  • Geographic restrictions: Must purchase a single-family home in a City of Gary Target Area
  • Homebuyer education required: Yes

How to Apply for City of Gary First Time Homebuyer Program (HON)

Contact the City of Gary Community Development Division at (219) 881-5075 for information on scheduled Homebuyer Education Workshop dates. Complete the HON Homebuyer Education Workshop and counseling sessions, then apply for assistance on a first-come, first-served basis. Certificates from other HUD-certified agencies are accepted if dated within 12 months of application.

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Cities Where This Program Is Available (1 city across 1 state)