House Concord Down Payment Assistance Program

Administered by: City of Concord Business and Neighborhood Services Division · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $10,000 (Forgivable Loan)

Five-year depreciating loan that depreciates at 20% per year. After five years of owner-occupancy, the loan is considered paid in full.

Eligibility

  • Income limits: At or below 80% AMI for the Concord-Gastonia HUD Metro FMR area
  • Purchase price limit: $332,000
  • First-time buyer required: Yes — Must not have owned a home as a principal residence in the past 3 years.
  • Geographic restrictions: Must purchase within Concord city limits.
  • Homebuyer education required: Yes

How to Apply for House Concord Down Payment Assistance Program

Step 1: Complete an 8-hour homebuyer education workshop provided by a HUD-certified agency or counselor.

Step 2: Verify your income does not exceed 80% AMI for the Concord area.

Step 3: Contribute a minimum of $1,000 toward the purchase price.

Step 4: Find a single-family home or manufactured home within Concord city limits priced at or below $332,000 for existing homes or $350,000 for new construction.

Step 5: Contact the City of Concord Business and Neighborhood Services Division for application details.

Visit program website

Notes

Funded through HOME Investment Partnership Funds from HUD. FY 2025-2026 maximum subsidy is $10,000. Maximum purchase price: $332,000 existing, $350,000 new construction. Only single-family homes and manufactured homes are eligible.

Cities Where This Program Is Available