Colorado Homeownership Assistance for Black Coloradans

Colorado Homeownership Assistance for Black Coloradans is a grant for homebuyers in Denver Metro, Colorado. DMAR has identified five dedicated homebuyer assistance funds specifically for Black Colorado homebuyers to help close the racial homeownership gap. Programs provide grants and DPA through partner nonprofits and lenders throughout the Denver metro area. Multiple programs and lenders available. Targeted homeownership grants for Black Colorado homebuyers. addresses racial homeownership gap. multiple funding sources via DMAR partner network. grant-based assistance. culturally competent counseling. Funding comes from Nonprofit, Industry, and Private.

Colorado Homeownership Assistance for Black Coloradans is structured as a grant, so it is not repaid. Repayment is triggered by None — grant. The assistance is recorded in None — grant position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Colorado Homeownership Assistance for Black Coloradans is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: 620 minimum FICO (varies by partner program). A homebuyer education course is required, through HUD-approved homebuyer education; culturally competent counseling. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Identify as Black/African American; income requirements vary by partner program; Denver metro focus.

Colorado Homeownership Assistance for Black Coloradans limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI; varies by specific partner program. 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.

Colorado Homeownership Assistance for Black Coloradans can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Colorado Homeownership Assistance for Black Coloradans serves homebuyers purchasing in Denver Metro, Colorado. The program targets specific areas: Denver metro area (Denver, Adams, Arapahoe, Jefferson, Douglas counties).

Applications for Colorado Homeownership Assistance for Black Coloradans go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-Come-First-Served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.