Middle Income Down Payment Assistance (MIDPA) Pilot Program

Middle Income Down Payment Assistance (MIDPA) Pilot Program is a deferred second loan for homebuyers in Boulder, Colorado. The City of Boulder's Middle Income Down Payment Assistance (MIDPA) Pilot Program is a deferred-payment second mortgage designed to put middle-income households into permanently deed-restricted, affordable ownership. The loan amount is the lesser of $200,000 or 30% of the home's sale price. The interest rate is 0% with no monthly payments. After 15 years the full principal is due, or it becomes due immediately upon sale, refinance, or transfer of title. In exchange for the assistance, the home is permanently deed-restricted to remain affordable to future buyers. The pilot launched in August 2023; as of March 2026 the City has reported zero applicants and is considering ending the program as soon as June 2026, citing the 15-year balloon repayment and appreciation cap as deterrents. Zero-interest, deferred second mortgage of $200,000 or 30% of sale price (whichever is less) for middle-income first-time homebuyers. Buyer agrees to deed-restrict the home to keep it permanently affordable to future buyers. Total loan amount due back after 15 years or upon title transfer. Funding comes from Local Government and City Affordable Housing Fund.

Middle Income Down Payment Assistance (MIDPA) Pilot Program provides assistance worth 30% of the purchase price, as set by the program. Homebuyer contribution: Minimum $2,000 of buyer's own funds toward down payment/closing costs. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Middle Income Down Payment Assistance (MIDPA) Pilot Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Full principal due after 15 years and immediate full repayment due upon sale, refinance, or title transfer prior to year 15. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Middle Income Down Payment Assistance (MIDPA) Pilot Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Divorced applicants within the prior 3 years are exempt from the first-time-homebuyer requirement. On credit, the program states: Not published by the City; subject to first-mortgage lender underwriting. A homebuyer education course is required, through City of Boulder homebuyer orientation; HUD-approved homebuyer education required. Residency requirement: Property must be a market-rate home within City of Boulder city limits and be owner-occupied. Citizenship or immigration status: U.S. citizen or qualified non-citizen per first-mortgage lender requirements. Buyer must agree to permanent deed restriction keeping the home affordable to future buyers. First-time homebuyer required (no ownership in prior 3 years, divorce exception). One household member must work 30+ hours/week (unless retired or disabled) with 1 year minimum work history within the most recent 12 months. Minimum $2,000 buyer contribution. DTI capped at 42%. Asset max applies. Total bedrooms may exceed household size by no more than one. Active program review in 2026 — City has signaled possible discontinuation due to zero applicants since 2023 launch; verify status with program staff.

Middle Income Down Payment Assistance (MIDPA) Pilot Program limits household income to 150% of the area median income, which varies by county and household size. Household income max by size (City of Boulder MIDPA table): 1-person $126,600; 2-person $144,600; 3-person $162,720; 4-person $180,720; 5-person $195,240; 6-person $209,640; 7-person $224,160; 8-person $238,560. These limits exceed 120% AMI Boulder MSA to capture middle-income workforce buyers. Asset max ranges from $158,250 (1-person) to $298,200 (8-person). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Middle Income Down Payment Assistance (MIDPA) Pilot Program caps the purchase price at $1.4M. Eligible property types include Single-family detached, Townhome, and Condominium (market-rate, owner-occupied). New construction is eligible. Manufactured homes are not eligible.

Middle Income Down Payment Assistance (MIDPA) Pilot Program serves homebuyers purchasing in Boulder, Colorado.

Applications for Middle Income Down Payment Assistance (MIDPA) Pilot Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Application waitlist via City of Boulder Homeownership Program (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.