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City of Plainfield Down Payment Assistance Fund

City of Plainfield Office of Community Development · Plainfield, New Jersey

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Assistance

$30,000

The maximum the program publishes — not an offer

Repayment

Deferred

No payments until the home is sold or refinanced

What is City of Plainfield Down Payment Assistance Fund?

City of Plainfield Down Payment Assistance Fund is a deferred second loan for homebuyers in Plainfield, New Jersey, administered by City of Plainfield Office of Community Development.

  • The City of Plainfield established a Down Payment Assistance Fund providing up to $30,000 to Plainfield residents seeking to purchase a home. The fund is capitalized by contributions from developers building in Plainfield (not taxpayer-funded). Announced in the Mayor's 2025 State of the City address as part of a plan to create 1,000 new affordable housing units over four years.
  • Up to $30,000 in down payment assistance funded by developer contributions. Target beneficiaries: Plainfield residents including working families, young professionals, and longtime residents.
  • Funding comes from Developer contributions (not taxpayer funded).

How much assistance does it provide?

City of Plainfield Down Payment Assistance Fund offers up to $30,000 in assistance.

  • Amounts are the program's published maximums, not an offer — City of Plainfield Office of Community Development determines any individual award.

Do you have to pay it back?

City of Plainfield Down Payment Assistance Fund is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Plainfield Down Payment Assistance Fund is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • Residency: Must be a Plainfield resident
  • Must be a Plainfield resident. Additional eligibility criteria (income limits, credit, property requirements, loan term) not yet published as of research date — newly announced 2025 program; application portal not yet listed. Contact Office of Community Development, 908-753-3377. NEEDS REVIEW: confirm program is operational and obtain published guidelines before publishing.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where does it apply?

City of Plainfield Down Payment Assistance Fund serves buyers purchasing in Plainfield, New Jersey.

How do you apply?

Applications for City of Plainfield Down Payment Assistance Fund go through City of Plainfield Office of Community Development, which publishes the current terms and the application steps on its own site.

  1. Contact City of Plainfield Office of Community Development to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. 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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