This program runs on a seasonal schedule. Applications and funding may only be available during part of the year.
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Get Matched Free →Story County Housing Trust First-Time Homebuyer Grant
Funding status: Seasonal
How much assistance
$5,000 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
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.
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