Live Newark Home Closing Cost and Down Payment Program

Administered by: City of Newark Department of Economic and Housing Development · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $20,000 (Forgivable Loan)

Zero-interest loan with no monthly payments. 10% of the loan forgiven each year the purchaser maintains the property as their primary residence, fully forgiven after 10 years.

Eligibility

  • First-time buyer required: Yes
  • Geographic restrictions: Must purchase a 1-5 unit residential dwelling within the City of Newark
  • Homebuyer education required: No

How to Apply for Live Newark Home Closing Cost and Down Payment Program

Step 1: Contact the City of Newark Department of Economic and Housing Development. Funds provided on a first-come, first-served basis subject to availability and required documentation.

Visit program website

Notes

Part of the Live Newark program which also includes a Home Facade Improvement Program. Home must serve as primary residence for 10 years.

Cities Where This Program Is Available