Affordable Homeownership Opportunity Program (AHOP)

What is Affordable Homeownership Opportunity Program (AHOP)?

Affordable Homeownership Opportunity Program (AHOP) is a forgivable loan for homebuyers in Forsyth County, North Carolina.

• Forsyth County's Affordable Homeownership Opportunity Program (AHOP) provides up to $20,000 in forgivable second-lien financing for first-time, low- to moderate-income homebuyers purchasing within Forsyth County (excluding the City of Winston-Salem). HUD HOME-funded; forgiven over 10 years.
• Up to $20,000 0% interest deferred forgivable second-lien loan for down payment, closing costs, and gap financing. Forgiven 1/120th per month over 10 years.
• Funding comes from HUD HOME Investment Partnerships; Forsyth County.

Do you have to pay it back?

Affordable Homeownership Opportunity Program (AHOP) is forgiven after 10 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, transfer, refinance with cash-out, or non-owner-occupancy within 10-year affordability period triggers repayment of unforgiven balance.
• The assistance is recorded in 2 position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Affordable Homeownership Opportunity Program (AHOP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Affordable Homeownership Opportunity Program (AHOP) limits household income to 80% of the area median income, which varies by county and household size.

• Household income must not exceed 80% HUD AMI for Winston-Salem MSA (FY2025): 1p $45,850; 2p $52,400; 3p $58,950; 4p $65,500; 5p $70,750; 6p $76,000; 7p $81,250; 8p $86,500.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

Affordable Homeownership Opportunity Program (AHOP) caps the purchase price at $290,000.

• Eligible property types include Single-family detached, townhouse, condominium, manufactured home on permanent foundation.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Affordable Homeownership Opportunity Program (AHOP) names active-duty service members, reservists and National Guard members, surviving spouses, law enforcement officers, firefighters, healthcare workers, and buyers with disabilities 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.

Where does it apply?

Affordable Homeownership Opportunity Program (AHOP) serves buyers purchasing in Forsyth County, North Carolina.

How do you apply?

Applications for Affordable Homeownership Opportunity Program (AHOP) go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved counseling agency; 8-hour homebuyer education course required..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Lender or buyer applies via Community Development; first-come, first-served., and are subject to availability.

3. 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.