Truckee Meadows Habitat for Humanity Homeownership Program

Truckee Meadows Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Sparks, Nevada, administered by Truckee Meadows Habitat for Humanity. Truckee Meadows Habitat for Humanity sells newly stick-built homes to low- and moderate-income partner families in Washoe County (Reno/Sparks) at roughly 90% of market price with a 0% interest mortgage, payments capped at 30% of gross monthly income. Partner families invest sweat equity and complete homeowner education. This is an affordable below-market, sweat-equity homeownership program, not a cash DPA grant. Newly built home sold below market (~90% of market price). 0% interest mortgage. Monthly payment capped at 30% of gross income. Homeowner education classes. Funding comes from Truckee Meadows Habitat for Humanity (donations, ReStore proceeds); homes sold at ~90% of market price with 0% interest mortgage.

Truckee Meadows Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Truckee Meadows Habitat for Humanity. Repayment is triggered by Monthly mortgage payments to Habitat (0% interest), capped at 30% of gross monthly income; payments recycle into building additional Habitat houses. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Truckee Meadows Habitat for Humanity Homeownership Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Truckee Meadows Habitat for Humanity homeowner education classes (home maintenance, saving, managing a mortgage, personal finances). Citizenship or immigration status: Income test stated for 'U.S. applicants' (household income not to exceed 60% AMI). NOTE: applications currently CLOSED (all homes assigned to partner families; program active and reopens admissions periodically — watch affiliate Facebook). ~500 hours sweat equity per partner family. Must demonstrate housing need, willingness to partner, and ability to pay an affordable mortgage. Serves Washoe County (Reno/Sparks), not Carson City. Note: legacy domain tmhh.org is a parked spam site; official site is habitatforhumanityreno.org.

Truckee Meadows Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size. Household income must not exceed 60% of the area median income, defined annually by HUD for the applicant's family size (Washoe County). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Truckee Meadows Habitat for Humanity Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Truckee Meadows Habitat for Humanity Homeownership Program serves homebuyers purchasing in Sparks, Nevada.

Applications for Truckee Meadows Habitat for Humanity Homeownership Program go through Truckee Meadows Habitat for Humanity, 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.