Treasure Valley Habitat for Humanity Homeownership Program

What is Treasure Valley Habitat for Humanity Homeownership Program?

Treasure Valley Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Boise, Idaho, administered by Treasure Valley Habitat for Humanity (formerly Boise Valley Habitat for Humanity).

• Treasure Valley Habitat for Humanity (the former Boise Valley Habitat affiliate, serving Ada and Canyon Counties) sells newly built homes to qualified low-income families at no profit with a 0% interest mortgage capped so principal, taxes, and insurance do not exceed 30% of household income. Applicants must demonstrate need, ability to pay, and willingness to partner, contributing a minimum of 200 sweat-equity hours (plus 100 from family/friends) and saving $1,500 toward the down payment. Enrollment opens periodically when a new housing development is underway; income must fall within HUD limits for Ada County.
• 0% interest mortgage.
• No-profit home price.
• Payment capped at 30% of income.
• Sweat-equity replaces large cash down payment.

Do you have to pay it back?

Treasure Valley Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Treasure Valley Habitat for Humanity (formerly Boise Valley Habitat for Humanity).

• Repayment is triggered by Resale/transfer (Habitat retains right of first purchase); standard mortgage payments.
• The assistance is recorded in First position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Treasure Valley Habitat for Humanity Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Treasure Valley Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• Income must fall within current HUD income guidelines for Ada County (per published HUD income limit chart); applicant must meet debt-to-income requirements.
• 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?

Treasure Valley Habitat for Humanity Homeownership Program can be used for Single Family.

• New construction is eligible.

Where does it apply?

Treasure Valley Habitat for Humanity Homeownership Program serves buyers purchasing in Boise, Idaho.

How do you apply?

Applications for Treasure Valley Habitat for Humanity Homeownership Program go through Treasure Valley Habitat for Humanity (formerly Boise Valley Habitat for Humanity), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Treasure Valley Habitat for Humanity (formerly Boise Valley Habitat for Humanity) 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.