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City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance)

City of Holland Community Development Department · Holland, Michigan

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Assistance

$3,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance)?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) is a grant for homebuyers in Holland, Michigan, administered by City of Holland Community Development Department.

  • The City of Holland uses HUD CDBG entitlement funds to provide grant-based down payment and closing cost assistance to low- to moderate-income (<=80% AMI) homebuyers. For FY2025-26 the assistance is directed to eligible buyers purchasing an affordable home through Lakeshore Habitat for Humanity, with a goal of 2 households assisted. Historically (FY2013-14 CAPER) the City paid up to 50% of reasonable closing costs or down payment, capped at $3,000 per household. Administered directly by the City of Holland Community Development Department.
  • Grant (no repayment) up to 50% of down payment/closing costs, historically capped at $3,000.
  • For income-eligible buyers within the City of Holland.
  • Funding comes from HUD CDBG entitlement funds (City of Holland is a CDBG entitlement community since 1989).

How much assistance does it provide?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) offers up to $3,000 in assistance.

  • The program can be combined with Designed to assist buyers purchasing through Lakeshore Habitat for Humanity (0% Habitat mortgage).
  • Amounts are the program's published maximums, not an offer — City of Holland Community Development Department determines any individual award.

Do you have to pay it back?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) is structured as a grant, so it is not repaid.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Community Action House (CAH) Homeownership Education Program
  • Residency: Assisted home must be located within the City of Holland city limits
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. LOAN TERM: grant (no repayment, no interest, no lien) per City of Holland 2025-2030 Consolidated Plan / 2025-26 AAP. ACTIVE & FUNDED: 2025-30 ConPlan + 2025-26 AAP budgets the Housing project at CDBG $279,000, target date 6/30/2026, one-year goal 2 households for homeownership assistance. AMOUNT: current per-buyer cap not restated in ConPlan; $3,000/50% figures are from the 2013-14 CAPER and may have changed (assistance_amount_max flagged). GAP NOTES: current-year eligibility effectively limited to buyers purchasing through Lakeshore Habitat for Humanity; min_credit_score, max_dti, max_purchase_price, reservation_system, lien/forgiveness terms not confirmed; first_time_homebuyer set true on ConPlan goal language but program text does not explicitly bar repeat buyers.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) limits household income to 80% of the area median income, which varies by county and household size.

  • Household income at or below 80% of Area Median Income (AMI); CDBG income limit applies to all City of Holland CDBG housing programs.
  • The limit applies to total household income, not only the borrower&rsquo;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?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) can be used for Single Family.

  • New construction is eligible.

Where does it apply?

City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) serves buyers purchasing in Holland, Michigan.

How do you apply?

Applications for City of Holland Homebuyer Assistance (Down Payment/Closing Cost Assistance) go through City of Holland Community Development Department, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Community Action House (CAH) Homeownership Education Program.

  2. Contact City of Holland Community Development Department to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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