New Neighbors Homeownership Grant Program

What is New Neighbors Homeownership Grant Program?

New Neighbors Homeownership Grant Program is a grant for homebuyers in College Park, Maryland.

• The New Neighbors Homeownership Grant Program is the City of College Park's non-repayable down-payment / closing-cost grant for new homebuyers purchasing a primary residence in College Park. Administered by the College Park City-University Partnership in coordination with the City's Planning and Community Development department. Although the original DPA One source listed it as 'Loan,' the program currently operates as a non-repayable grant.
• Down-payment / closing-cost grant of up to $10,000 for new homebuyers purchasing a primary residence in the City of College Park. Despite being labeled a 'Loan' in the source DPA One PDF, the program operates as a non-repayable grant (verified live April 2026 - College Park City-University Partnership).
• Funding comes from Local Government.

Do you have to pay it back?

New Neighbors Homeownership Grant Program is structured as a grant, so it is not repaid.

• Repayment is triggered by None - non-repayable grant.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

New Neighbors Homeownership Grant Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

New Neighbors Homeownership Grant Program sets its income limit as follows: Income limits per City-University Partnership annual guidelines (typically 80%-120% AMI for the Washington-Arlington-Alexandria HMFA).

• 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?

New Neighbors Homeownership Grant Program caps the purchase price as follows: Per City-University Partnership annual guidelines.

• Eligible property types include Single-family detached, Townhouse, and Condominium.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

New Neighbors Homeownership Grant Program serves buyers purchasing in College Park, Maryland.

How do you apply?

Applications for New Neighbors Homeownership Grant 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 HUD-approved housing counseling agencies; homebuyer-education certificate required..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Application via College Park City-University Partnership; first-come, first-served subject to annual funding., 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.