City of Melbourne SHIP Purchase Assistance Program

Administered by: City of Melbourne Community Development Department · City · Deferred Loan

Funding status: Active

How much assistance

Up to $44,500 (Deferred Loan)

0% interest deferred second mortgage. Loan may be forgiven after the required affordability period if the home is maintained as a primary residence.

Eligibility

  • Income limits: At or below 80% AMI (low-to-moderate income)
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase a home within Melbourne city limits.
  • Homebuyer education required: Yes

How to Apply for City of Melbourne SHIP Purchase Assistance Program

Step 1: Contact Community Housing Initiative (CHI) at (321) 253-0053 to begin the application process. CHI administers the program on behalf of the City of Melbourne. You must complete a HUD-approved homebuyer education course before applying. Funds are available on a first-come, first-qualified basis.

Visit program website

Notes

Funded through State Housing Initiatives Partnership (SHIP) funds. Assistance covers down payment, closing costs, and in some cases minor repairs. Administered by Community Housing Initiative (CHI), a HUD-approved housing counseling agency and CHDO.

Cities Where This Program Is Available