Atlantic County HUD HOME Down Payment Assistance Program

Atlantic County HUD HOME Down Payment Assistance Program is a forgivable loan for homebuyers in Atlantic County, New Jersey, administered by Atlantic County Improvement Authority (ACIA), Office of Community Development. A HUD HOME-funded down payment and closing cost assistance program administered by the Atlantic County Improvement Authority for Atlantic County (excluding Atlantic City). Provides up to $30,000 as a 0% interest, deferred, forgivable second mortgage with no monthly payments — up to 20% of purchase price for down payment plus up to $5,000 closing costs, set by an ACIA need calculation. Forgiven after 10 years of primary-residence occupancy; recaptured if the buyer sells, rents, refinances, transfers title, or stops occupying within the term. Up to $30,000 combined down payment and closing cost assistance. 0% interest, no monthly payments. Forgivable after 10 years of occupancy. Up to 20% of price + up to $5,000 closing costs. Stackable with NJHMFA. Funding comes from HUD HOME Investment Partnerships Program (administered locally by ACIA).

Atlantic County HUD HOME Down Payment Assistance Program offers up to $30,000 in assistance. The program can be combined with NJHMFA programs and other assistance (subject to ACIA need calculation). Amounts are the program's published maximums, not an offer — Atlantic County Improvement Authority (ACIA), Office of Community Development determines any individual award.

Atlantic County HUD HOME Down Payment Assistance Program is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Full repayment if, during the 10-year term, the homeowner refinances, sells, rents, vacates, transfers title, or fails to maintain as primary residence. The assistance is recorded in Second (mortgage lien recorded with County Clerk) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Atlantic County HUD HOME 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: No household member may have owned a home in the previous 3 years. A homebuyer education course is required. Residency requirement: Must have resided in OR been employed in Atlantic County for the previous 12 months. Citizenship or immigration status: Non-permanent U.S. residents are disqualified. Must have lived OR worked in Atlantic County for 12 months. No household member owned a home in past 3 years. Non-permanent residents disqualified. DATA-INTEGRITY FLAG: official page contradicts itself on max purchase price ($314,000 body vs $281,000 existing/$289,000 new in FAQ) — verify with ACIA.

Atlantic County HUD HOME Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Combined household income <= 80% AMI for Atlantic County (2026 HUD). 2026 limits: 1p $60,950; 2p $69,650; 3p $78,350; 4p $87,050; 5p $94,050; 6p $101,000; 7p $107,950; 8p $114,950. The limit applies to total household income, not only the borrower&rsquo;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.

Atlantic County HUD HOME Down Payment Assistance Program caps the purchase price at $314,000. Eligible property types include Single Family, Townhouse, and Condo. New construction is eligible. Manufactured homes are not eligible.

Atlantic County HUD HOME Down Payment Assistance Program serves homebuyers purchasing in Atlantic County, New Jersey.

Applications for Atlantic County HUD HOME Down Payment Assistance Program go through Atlantic County Improvement Authority (ACIA), Office of Community Development, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-serve upon a complete application; amount set by ACIA need calculation. 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.