Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance is a forgivable loan for homebuyers in Dubuque, Iowa, administered by Eastern Iowa Regional Housing Corporation (EIRHC) Housing Trust Fund, administered by East Central Intergovernmental Association (ECIA) / Eastern Iowa Regional Housing Authority (EIRHA). The Eastern Iowa Regional Housing Corporation (EIRHC) Housing Trust Fund, administered by ECIA/EIRHA, provides down payment assistance to help low- and moderate-income households purchase a primary residence in the five-county region: Dubuque (excluding the city of Dubuque), Delaware, Jackson, Cedar, and Clinton counties. Assistance is capped at $10,000 per household, provided as a grant structured as a 5-year forgivable award (no interest). A $200 housing counseling fee is deducted from the award and the recipient must complete an EIRHA HUD-certified Housing Counseling course. The buyer must obtain a fully amortized first mortgage from a regulated lender with a rate fixed for at least 5 years and a term of at least 15 years. Households must have income at or below 80% of area median income. Up to $10,000 in down payment assistance per household. 5-year forgivable grant with no interest. HUD-certified homeownership/housing counseling provided. Funding comes from Iowa Finance Authority State Housing Trust Fund (Iowa Code 16.181); HUD HOME funds via IFA.

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance offers up to $10,000 in assistance. Amounts are the program's published maximums, not an offer — Eastern Iowa Regional Housing Corporation (EIRHC) Housing Trust Fund, administered by East Central Intergovernmental Association (ECIA) / Eastern Iowa Regional Housing Authority (EIRHA) determines any individual award.

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Eastern Iowa Regional Housing Authority (EIRHA) HUD-certified Housing Counseling Program. Residency requirement: Property must be located in the EIRHC service area: Dubuque County (excluding the city of Dubuque), Delaware, Jackson, Cedar, and Clinton counties, Iowa. staged from primary sources (eirha.org HAP FY25 + application + 2025 income-limit table); verify before publishing. The HAP labels the award both a $10,000 grant and a 5-year forgivable award; recorded as forgivable_loan with 0% / 5-year to capture the affordability period. First-time-homebuyer status is not required by the source; left blank. Excludes the city of Dubuque (distinct from the separate City of Dubuque program).

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size. Adjusted annual household income at or below 80% of area median income (county-specific). 2025 limits effective 4/1/2025, 80% of median by household size 1-8: Cedar 58,450/66,800/75,150/83,500/90,200/96,900/103,550/110,250; Clinton 52,150/59,600/67,050/74,500/80,500/86,450/92,400/98,350; Dubuque 57,550/65,750/73,950/82,150/88,750/95,300/101,900/108,450; Delaware 54,250/62,000/69,750/77,500/83,700/89,900/96,100/102,300; Jackson 53,300/60,900/68,500/76,100/82,200/88,300/94,400/100,500. At least 30% of state HTF funds must benefit households at or below 30% AMI. 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.

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance can be used for Single Family.

Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance serves homebuyers purchasing in Dubuque, Iowa.

Applications for Eastern Iowa Regional Housing Corporation Housing Trust Fund - Down Payment Assistance go through Eastern Iowa Regional Housing Corporation (EIRHC) Housing Trust Fund, administered by East Central Intergovernmental Association (ECIA) / Eastern Iowa Regional Housing Authority (EIRHA), which publishes the current terms and the application steps on its own site. 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.