Grand Traverse Band RAO Down Payment Assistance Program

Grand Traverse Band RAO Down Payment Assistance Program is a grant for homebuyers in Peshawbestown, Michigan, administered by Grand Traverse Band of Ottawa and Chippewa Indians Housing Department. A one-time GTB Tribal-funded down payment assistance grant equal to the lesser of 10% of total home cost or $15,000, for income-eligible enrolled members buying or building within the six-county service area. Funds may be used on Tribal or fee-simple land for new construction or manufactured homes that meet code and inspection standards. Mutually exclusive with the GTB NAHASDA DPA program. Grant of 10% of home cost (max $15,000). 0% interest, one-time grant. Usable on trust or fee land. Manufactured and new homes eligible. Anti-predatory lending protection. Funding comes from Grand Traverse Band Tribal funds (RAO).

Grand Traverse Band RAO 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 RAO Down Payment Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by One-time grant; standard GTB ownership/retention terms apply (retention agreement signed at closing). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Grand Traverse Band RAO 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: One-time-only program; previous DPA recipients ineligible. A homebuyer education course is required, through Pathways Home Homebuyer Education Course / GTB Home Buyer Classes. Residency requirement: Home within the GTB six-county service area. Citizenship or immigration status: Must be an enrolled member of the Grand Traverse Band of Ottawa and Chippewa Indians. Enrolled GTB members only; one-time-only per head of household; mutually exclusive with NAHASDA DPA; no GTB Home Repair access for 5 years; income eligibility and certified inspection required. Last revised October 2024.

Grand Traverse Band RAO Down Payment Assistance Program sets its income limit as follows: Proof of all household income required; income eligibility required. Specific percent/threshold not stated for the RAO program on the primary source. 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 RAO 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 RAO 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 RAO 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 RAO 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.