Greensboro Homebuyer Assistance Program
Funding status: Active
How much assistance
Up to $25,000 (up to $30,000 in redevelopment areas) (Forgivable Loan)
Zero-interest forgivable loan forgiven over 5 years at 20% per year. If you remain in the home for 5 years, the loan is fully forgiven. Buyers in designated redevelopment areas may receive an additional $5,000 bonus.
Eligibility
- Income limits: Household income at or below 80% of the Area Median Income. Must be a current City of Greensboro resident.
- First-time buyer required: Yes — Must be a first-time homebuyer or have not owned a home within the past 3 years. First-time buyer requirement is waived for homes in designated redevelopment areas.
- Geographic restrictions: Home must be located within Greensboro city limits and serve as the buyer's primary residence.
- Homebuyer education required: Yes
Notes
Funded through federal HUD funding, Greensboro housing bonds, and the American Rescue Plan. The 80% AMI tier is the base offering of the Housing Connect GSO Homebuyer Assistance Program. Assistance cannot exceed 20% of the purchase price. Designated redevelopment areas include Dudley Heights, Eastside Park, Glenwood, Kings Forest, Mill District, Ole Asheboro, Random Woods, and Willow Oaks.