Greenline Housing Foundation Down Payment Grant

What is Greenline Housing Foundation Down Payment Grant?

Greenline Housing Foundation Down Payment Grant is a grant for homebuyers in Statewide, California.

• Foundation provides down payment grants targeted at communities disproportionately impacted by systemic racism in housing. LA County Greenline Home Program co-administered with NHS Los Angeles County.
• Down payment grants and home maintenance grants for qualified BIPOC homebuyers (Black, Hispanic, and other people of color). $35,000 grant for down payment or closing cost assistance through the LA County Greenline Home Program. Foundation aims to close racial wealth gap.
• Funding comes from Greenline Housing Foundation, partner programs.

Do you have to pay it back?

Greenline Housing Foundation Down Payment Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by none if 3-year occupancy maintained.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Greenline Housing Foundation Down Payment Grant is open to buyers who will live in the home as their primary residence.

What are the income limits?

Greenline Housing Foundation Down Payment Grant sets its income limit as follows: General program: no income limits. LA Greenline Home Program: low-to-moderate income BIPOC County residents in 'high-highest' census tracts.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Greenline Housing Foundation Down Payment Grant can be used for Single-family, Condo, Townhouse.

Where does it apply?

Greenline Housing Foundation Down Payment Grant serves buyers purchasing in Statewide, California.

How do you apply?

Applications for Greenline Housing Foundation Down Payment Grant go through the administering agency.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - HUD-approved homebuyer education.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.