City of Providence Down Payment Assistance Program

Administered by: Housing Network of Rhode Island (in partnership with City of Providence) · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $20,000 (up to $20,000 for households at or below 70% AMI; up to $10,000 for households between 70-80% AMI) (Forgivable Loan)

Zero-percent interest, deferred, non-amortizing loan. Forgivable if the property is held for the duration of the compliance period.

Income limits: Household income at or below 80% of Area Median Income (AMI). Assistance amount varies: up to $20,000 at or below 70% AMI; up to $10,000 for 70-80% AMI.
First-time buyer required: Yes
Geographic restrictions: Must purchase a home within the City of Providence.
Homebuyer education required: Yes

Step 1: Contact the Housing Network of Rhode Island. Complete 8 hours of HUD-approved homebuyer education. Assistance is based on demonstrated need.

Funded through City of Providence federal CDBG/HOME funds. Administered by Housing Network of Rhode Island.