Cape Fear Community Land Trust Affordable Homeownership Program
Cape Fear Community Land Trust Affordable Homeownership Program is down payment assistance for homebuyers in Wilmington, North Carolina, administered by Cape Fear Community Land Trust, Inc.
The program asks for
- A completed homebuyer education course
- Community Land Trust model: buyer purchases home at below-market price and leases the land via a ground lease from CFCLT. CHDO-designated nonprofit. Website notes 'under construction' — specific DPA amounts not publicly confirmed; review needed. 9 land lease properties and 12 home sales completed. Contact: 910-218-0022, 221 North Front Street Ste 204, Wilmington NC 28401.
- A home in New Hanover County
It doesn’t cover
- Households above 80% of area median income
- Homes outside New Hanover County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of New Hanover County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
Where it applies
New Hanover County’s homesNew Hanover County’s homes, and the ones this program accepts
- 61.1% single-familysingle-family
- 5.9% townhousetownhouse
- 8.1% 2–4 units2–4 units
- 22.2% 5+ unitscondo & apartment buildings (5+ units)
- 2.8% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$387,800
New Hanover County median home value
30.7%
built before 1980
U.S. Census Bureau, ACS 2024 5-year. More about buying in New Hanover County
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Cape Fear Community Land Trust, Inc. to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Cape Fear Community Land Trust Affordable Homeownership Program?
Cape Fear Community Land Trust Affordable Homeownership Program is down payment assistance for homebuyers in Wilmington, North Carolina, administered by Cape Fear Community Land Trust, Inc. Funding comes from CRA funding; private donations; local general fund.
Do you have to pay it back?
Cape Fear Community Land Trust Affordable Homeownership Program is down payment assistance and is repaid under the terms set by Cape Fear Community Land Trust, Inc.. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Cape Fear Community Land Trust Affordable Homeownership Program sets its eligibility rules through Cape Fear Community Land Trust, Inc., and does not restrict applicants to first-time homebuyers. A homebuyer education course is required. Community Land Trust model: buyer purchases home at below-market price and leases the land via a ground lease from CFCLT. CHDO-designated nonprofit. Website notes 'under construction' — specific DPA amounts not publicly confirmed; review needed. 9 land lease properties and 12 home sales completed. Contact: 910-218-0022, 221 North Front Street Ste 204, Wilmington NC 28401.
What are the income limits?
Cape Fear Community Land Trust Affordable Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Primarily serves working families; income eligibility based on below-market pricing (typically under 80% AMI). 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?
Cape Fear Community Land Trust Affordable Homeownership Program can be used for single_family.
Where does it apply?
Cape Fear Community Land Trust Affordable Homeownership Program serves homebuyers purchasing in Wilmington, North Carolina.
How do you apply?
Applications for Cape Fear Community Land Trust Affordable Homeownership Program go through Cape Fear Community Land Trust, Inc., 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.
Also for New Hanover County homebuyersOther programs open to New Hanover County homebuyers
- NC 1st Home Advantage Down PaymentUp to $15,000
- Down Payment AssistanceUp to $2,500
- Community Partners Loan Pool (CPLP)Deferred
Whether two programs can be combined is up to each agency. Ask before you apply.
All 69 programs for New Hanover CountyProgram terms are set by Cape Fear Community Land Trust, Inc. and can change; confirm on the official site before you apply.