Newton Homebuyer Assistance Program

Administered by: City of Newton Planning & Development Department · City · Grant

Funding status: Active

How much assistance

Varies; provides downpayment and closing cost assistance for deed-restricted affordable homes (Grant)

Eligibility

  • Income limits: Household income at or below 80% of Boston Area Median Income (HUD-determined annually)
  • First-time buyer required: Yes — Must complete a First Time Homebuyer Course before qualifying for an affordable homeownership opportunity.
  • Geographic restrictions: Must purchase a deed-restricted affordable property within the City of Newton.
  • Homebuyer education required: Yes

How to Apply for Newton Homebuyer Assistance Program

Step 1: Assistance is available when deed-restricted affordable homes are actively listed for sale in Newton.

Step 2: Complete a First Time Homebuyer Course.

Step 3: Monitor the City of Newton's Current Affordable Housing Opportunities page for available units.

Step 4: Apply through the affordable housing lottery for an eligible property.

Step 5: If selected, apply for downpayment and closing cost assistance through the City's Housing & Community Development office.

Visit program website

Notes

Funded through Newton's Community Preservation Act (CPA) funds. Assistance is only available for the purchase of deed-restricted affordable properties in Newton, not market-rate homes. Available units are listed on the City's website as they become available.

Cities Where This Program Is Available