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.

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.

New Neighbors Homeownership Grant 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 / new-to-College-Park homebuyers per program guidelines. On credit, the program states: Underwriting follows the buyer's first-mortgage product. A homebuyer education course is required, through HUD-approved housing counseling agencies; homebuyer-education certificate required. Residency requirement: Property must be within the City of College Park and serve as buyer's primary residence. Citizenship or immigration status: U.S. citizen or eligible non-citizen permitted by underlying first-mortgage product. Property must be a primary residence located within the City of College Park, MD. Designed for new buyers moving into College Park. Must complete HUD-approved homebuyer education. Income limits and purchase-price caps follow the City-University Partnership's annual program guidelines.

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.

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.

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

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