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Monroe County RDA First-Time Homebuyer Program

Administered by: Monroe County Redevelopment Authority · County · Forgivable Loan

Funding status: Active

How much assistance

Up to $10,000 (Forgivable Loan)

Forgiven at 10% per year over a 10-year affordability period, or until the property is sold.

Eligibility

  • Income limits: Household income at or below 100% of Monroe County median income (updated annually per HUD guidelines)
  • First-time buyer required: Yes — Must be a first-time homebuyer
  • Geographic restrictions: Must purchase an existing home in Monroe County, Indiana. New construction is not eligible.
  • Homebuyer education required: Yes

How to Apply for Monroe County RDA First-Time Homebuyer Program

Step 1: Contact the Monroe County RDA. Applicants must contribute at least 3% of the purchase price from their own funds, be a U.S. citizen or permanent resident, and complete a HUD-approved Pre-Purchase Counseling Workshop.

Visit program website

Notes

Partnership between Monroe County Commissioners, Monroe County Affordable Housing Board, and participating mortgage lenders. Existing homes only; new construction not eligible.

Cities Where This Program Is Available