Middle Income Down Payment Assistance (MIDPA) Pilot Program

What is 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.

How much assistance does it provide?

Middle Income Down Payment Assistance (MIDPA) Pilot Program provides assistance worth 30% of the purchase price, as set by the program.

• Buyer 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.

Do you have to pay it back?

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.

Who qualifies?

Middle Income Down Payment Assistance (MIDPA) Pilot Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through City of Boulder homebuyer orientation; HUD-approved homebuyer education required.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Application waitlist via City of Boulder Homeownership Program (first-come, first-served), 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.