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Newberry Affordable Homeownership Program (Down Payment Assistance)

MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions) · Detroit, Michigan

Last verified
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Assistance

$20,000

The maximum the program publishes — not an offer

Price cap

$69,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 5 years

What is Newberry Affordable Homeownership Program (Down Payment Assistance)?

Newberry Affordable Homeownership Program (Down Payment Assistance) is a forgivable loan for homebuyers in Detroit, Michigan, administered by MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions).

  • A place-based affordable homeownership program by MiSide (formerly Southwest Solutions) converting 60 former LIHTC rental homes in the Newberry/Chadsey-Condon area of SW Detroit to owner-occupancy. All buyers receive down payment assistance, and eligible buyers receive up to $20,000 as a conditional grant forgiven after five years of owner-occupancy. Homes sell for about $69,000 on 15-year mortgages, with required free homebuyer education; current Newberry renters get priority.
  • Up to $20,000 forgivable DPA grant.
  • Below-market ~$69,000 purchase price on a 15-year mortgage.
  • Free homebuyer education and credit/financial counseling.
  • Funding comes from Private philanthropy - $2.5M Sam L. and Judith G. Yaker Fund, plus an anonymous $100,000 gift and an HBA Charitable & Educational Foundation grant. Not federal HOME/CDBG.

How much assistance does it provide?

Newberry Affordable Homeownership Program (Down Payment Assistance) offers up to $20,000 in assistance.

  • Amounts are the program's published maximums, not an offer — MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions) determines any individual award.

Do you have to pay it back?

Newberry Affordable Homeownership Program (Down Payment Assistance) is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale, transfer, refinance, or loss of owner-occupancy before completion of the 5-year residency period; fully forgiven after 5 years of owner-occupancy.
  • The assistance is recorded in second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Newberry Affordable Homeownership Program (Down Payment Assistance) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through MiSide (formerly Southwest Solutions) HUD-approved, MSHDA-certified Homebuyer Education; online ehome America course accepted as equivalent.
  • Residency: Program limited to the Newberry community, an 8-block area in the Chadsey-Condon neighborhood of southwest Detroit; current renters get priority.
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. LOAN TERM: conditional/forgivable DPA up to $20,000, 0% interest, no monthly payments, secured by a recorded lien; forgiven after 5 years of continuous owner-occupancy; recapture if borrower sells/refinances/vacates before 5 years. Buyers purchase one of 60 specific Newberry homes (~$69,000) on a 15-year mortgage. Funded entirely by private philanthropy (not federal). Distinct from the City of Detroit DPA (National Faith Homebuyers). GAP NOTES (blank, not guessed): exact income limits, min credit score, max DTI, recapture schedule, citizenship, asset limits, first-time rule. INVENTORY CAVEAT: finite 60-home initiative; reached 45 of 60 (75%) as of late 2021; program page is current (c)2026 MiSide) and still advertises the $20,000 DPA, but remaining available homes/funding in 2026 not independently confirmed - verify inventory with MiSide before publishing as open.

The program excludes

  • Manufactured homes
  • New construction
  • Purchases above the $69,000 price cap

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?

Newberry Affordable Homeownership Program (Down Payment Assistance) sets its income limit as follows: Targeted to low- and moderate-income families; the 60 Newberry homes were originally LIHTC affordable rental housing; current renters get priority. Specific thresholds not published.

  • 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?

Newberry Affordable Homeownership Program (Down Payment Assistance) caps the purchase price at $69,000.

  • Eligible property types include Single Family.
  • New construction is not eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Newberry Affordable Homeownership Program (Down Payment Assistance) serves buyers purchasing in Detroit, Michigan.

  • The program targets specific areas: 60 former LIHTC rental single-family homes in the Newberry area of Chadsey-Condon, SW Detroit, transitioning to owner-occupancy.
  • Targeted neighborhoods: Newberry community (8-block area), Chadsey-Condon, southwest Detroit.

How do you apply?

Applications for Newberry Affordable Homeownership Program (Down Payment Assistance) go through MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through MiSide (formerly Southwest Solutions) HUD-approved, MSHDA-certified Homebuyer Education; online ehome America course accepted as equivalent..

  2. Contact MiSide Community Impact Network (formerly Southwest Solutions / Southwest Economic Solutions) 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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Newberry Affordable Homeownership Program (Down Payment Assistance), explained

A short, free course on Newberry Affordable Homeownership Program (Down Payment Assistance): what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from August 2026. About ten minutes.

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