REBOUND, Inc. - Affordable Homeownership Program

REBOUND, Inc. - Affordable Homeownership Program is down payment assistance for homebuyers in Louisville, Kentucky, administered by REBOUND, Inc. REBOUND, Inc. (Rebuilding Our Urban Neighborhood Dwellings) is a Louisville Urban League-affiliated HUD-certified CHDO that builds and sells new affordable homes in West Louisville to low- and moderate-income families. REBOUND pairs homes with city down payment assistance and refers buyers to the Louisville Urban League for HUD-certified homebuyer education. New-construction affordable homes in West Louisville. Sold paired with city DPA programs. HUD-certified homebuyer education via Louisville Urban League. CHDO (HOME-eligible).

REBOUND, Inc. - Affordable Homeownership Program is down payment assistance and is repaid under the terms set by REBOUND, Inc.. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

REBOUND, Inc. - Affordable Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time per HUD definition (no ownership in prior 3 years). A homebuyer education course is required, through Louisville Urban League Center for Housing & Financial Empowerment. REBOUND is located in Louisville (Jefferson County), not Covington. CHDO formed by Louisville Urban League, City of Louisville, and Main Street Realty. Buyers complete HUD-certified education via LUL. Income eligibility determined through paired DPA programs.

REBOUND, Inc. - Affordable Homeownership Program sets its income limit as follows: Low- to moderate-income (LMI) households meeting HUD limits via paired city DPA programs. Exact thresholds determined at DPA application through City of Louisville programs. 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.

REBOUND, Inc. - Affordable Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

REBOUND, Inc. - Affordable Homeownership Program serves homebuyers purchasing in Louisville, Kentucky.

Applications for REBOUND, Inc. - Affordable Homeownership Program go through REBOUND, Inc., 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.