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Get Matched Free →Story County Housing Trust First-Time Homebuyer Grant
How much assistance
$5,000 grant (Grant)
No repayment required. Grant funds are placed in escrow at closing and applied to the down payment.
Eligibility
- Income limits: Must meet SCHT income guidelines (typically at or below 80% Area Median Income for Story County). Contact SCHT for current limits.
- First-time buyer required: Yes — Household must be a first-time homebuyer as defined by SCHT guidelines.
- Geographic restrictions: Property must be located in Story County, Iowa.
- Homebuyer education required: No
How to Apply for Story County Housing Trust First-Time Homebuyer Grant
Step 1: Applications are accepted on a first-come, first-ready-to-process basis and only after the buyer has worked with a lender and realtor to identify a home and receive a mortgage pre-approval. Buyers must work with a First National Bank lender. Contact SCHT Administrator Lucas Young at lyoung@midiowaplanning.org or 515-304-3524 to confirm the current application window.
Notes
Funding availability varies year-to-year. Most recent public information notes that the application period was closed and notices of approval were scheduled for on or after January 20, 2026. Verify current funding status with SCHT before relying on this program.