Homebuyer Assistance Program for Public Service Heroes

What is Homebuyer Assistance Program for Public Service Heroes?

Homebuyer Assistance Program for Public Service Heroes is a deferred second loan for homebuyers in Greensboro, North Carolina.

• Greensboro 'Heroes' DPA: up to $30,000 deferred forgivable second for law enforcement, firefighters, EMTs, educators, and healthcare workers purchasing within Greensboro. Workforce income (80-120% AMI). 600 FICO. 15-year affordability period.
• Greensboro Homebuyer Assistance Program for Public Service Heroes: up to $30,000 in down payment / closing-cost assistance for sworn law enforcement officers, firefighters, EMTs / paramedics, K-12 educators (including Guilford County Schools personnel), and licensed nurses / healthcare workers (e.g., Cone Health) purchasing within Greensboro city limits. Structured as a 0% deferred forgivable second.
• 15-year affordability term. 600 FICO. Workforce income range 80%-120% AMI ($69,700-$131,450). Pairs with NCHFA, FHA, VA, USDA, Conventional.
• Funding comes from Local Government, Federal HOME, and Federal CDBG.

Do you have to pay it back?

Homebuyer Assistance Program for Public Service Heroes is forgiven after 15 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Deferred 0% and forgiven prorated over 15-year affordability period. Balance due on sale/transfer/refinance/non-owner-occupancy during term.
• 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?

Homebuyer Assistance Program for Public Service Heroes is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Homebuyer Assistance Program for Public Service Heroes limits household income to 120% of the area median income, which varies by county and household size.

• Household income 80%-120% AMI for Greensboro-High Point HMFA. FY2025: 4p $69,700 to 8p $131,450.
• 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?

Homebuyer Assistance Program for Public Service Heroes caps the purchase price as follows: Subject to current City policy (typically aligned with HOME 95% AMSP for the Greensboro-High Point HMFA).

• Eligible property types include Single-family detached, Townhome, and Condominium.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

Homebuyer Assistance Program for Public Service Heroes names educators, law enforcement officers, firefighters, and healthcare workers 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?

Homebuyer Assistance Program for Public Service Heroes serves buyers purchasing in Greensboro, North Carolina.

How do you apply?

Applications for Homebuyer Assistance Program for Public Service Heroes 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 housing counseling agencies including Housing Consultants Group and Community Housing Solutions. 8-hour pre-purchase education plus 1-on-1 counseling required..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply directly to City of Greensboro Neighborhood Development with employer-verification documentation. Income certification and property eligibility performed by City staff., 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.