Grand Traverse Band NAHASDA Down Payment Assistance Program

Grand Traverse Band NAHASDA Down Payment Assistance Program is a forgivable loan for homebuyers in Peshawbestown, Michigan, administered by Grand Traverse Band of Ottawa and Chippewa Indians Housing Department. A NAHASDA-funded grant of up to $15,000 to help income-qualifying enrolled Grand Traverse Band members purchase or build a home within the Tribe's six-county service area. The grant carries a 10-year ownership-retention requirement and is forgiven 10% per year. Funds may be used on Tribal Trust or Fee Simple land for new, stick-built, manufactured, or modular homes; land contracts and lease-to-own are excluded. Up to $15,000 grant. 0% interest, forgiven over 10 years. Usable on trust or fee land. New, manufactured, and modular homes eligible. Anti-predatory lending protection. Funding comes from NAHASDA / Indian Housing Block Grant (HUD ONAP).

Grand Traverse Band NAHASDA Down Payment Assistance Program offers up to $15,000 in assistance. Amounts are the program's published maximums, not an offer — Grand Traverse Band of Ottawa and Chippewa Indians Housing Department determines any individual award.

Grand Traverse Band NAHASDA Down Payment Assistance Program is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale or transfer of ownership before the 10-year retention period without reinvesting proceeds in a new dwelling; repaid on declining balance with 10% forgiven annually. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Grand Traverse Band NAHASDA Down Payment Assistance 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 = no owned/leasehold interest in past 5 years; prior single-wide mobile-home owners may qualify if no longer holding title. A homebuyer education course is required, through Pathways Home Homebuyer Education Course (GTB Housing). Residency requirement: Must reside within the GTB six-county service area (Antrim, Benzie, Charlevoix, Grand Traverse, Leelanau, Manistee). Citizenship or immigration status: Must be an enrolled member of the Grand Traverse Band of Ottawa and Chippewa Indians. Enrolled GTB members; first-time (no ownership in past 5 yrs); one lifetime DPA grant per head of household; must complete Pathways Home class; check issued to settlement agent at closing. Loan term/recapture: 10-year retention.

Grand Traverse Band NAHASDA Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Low-Income Family: income not exceeding 80% of area median income (NAHASDA), adjusted for family size; all income counted including per-capita distributions. Leelanau County median used as baseline. 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.

Grand Traverse Band NAHASDA Down Payment Assistance Program can be used for Single Family, Manufactured, Modular, and New Construction. New construction is eligible. Manufactured homes are eligible.

Grand Traverse Band NAHASDA Down Payment Assistance Program names American Indian and Alaska Native homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Grand Traverse Band NAHASDA Down Payment Assistance Program serves homebuyers purchasing in Peshawbestown, Michigan. The program targets specific areas: GTB six-county service area.

Applications for Grand Traverse Band NAHASDA Down Payment Assistance Program go through Grand Traverse Band of Ottawa and Chippewa Indians Housing Department, 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.