Clark County / New Carlisle CHIP Homeownership Assistance Program

Clark County / New Carlisle CHIP Homeownership Assistance Program is a forgivable loan for homebuyers in New Carlisle, Ohio, administered by Clark County Community Development (with City of New Carlisle; homeownership assistance delivered by Neighborhood Housing Partnership of Greater Springfield). Clark County's CHIP Homeownership Assistance Program increases owner-occupancy among households at or below 80% AMI by combining down payment assistance and/or owner rehabilitation. Assistance is a deferred/declining/forgiven loan of up to $55,500 that declines in equal increments over the affordability period. The home must meet (or be brought to) Ohio Residential Rehabilitation Standards, and homebuyer counseling is required. The program serves Clark County and New Carlisle but excludes the City of Springfield, which administers its own program. Up to $55,500 in deferred, declining/forgivable homeownership assistance. 0% interest, no monthly payments. Combines down payment assistance with rehabilitation if needed. Homebuyer counseling included. Funding comes from Ohio Department of Development CHIP program (CDBG, HOME, Ohio Housing Trust Fund).

Clark County / New Carlisle CHIP Homeownership Assistance Program offers up to $55,500 in assistance. Amounts are the program's published maximums, not an offer — Clark County Community Development (with City of New Carlisle; homeownership assistance delivered by Neighborhood Housing Partnership of Greater Springfield) determines any individual award.

Clark County / New Carlisle CHIP Homeownership Assistance Program is a forgivable loan, so the balance is forgiven once the program's conditions are met. Repayment is triggered by Sale, transfer, or vacancy before the end of the affordability period (declining/forgiven loan; repaid on a sliding scale up to the full amount if sold/vacated before the affordability period ends). The assistance is recorded in Subordinate (Clark County retains a mortgage on the property) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Clark County / New Carlisle CHIP Homeownership Assistance Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Neighborhood Housing Partnership of Greater Springfield (homebuyer counseling). LOAN TERM: deferred/declining forgivable loan over a per-project affordability period (exact years set per project). CHIP is a competitive grant on a two-year cycle; verified guidelines are from the PY2022 program and DPA availability depends on the current grant award — confirm current-cycle funding with Clark County Community Development. GAP: exact forgiveness_years and exact per-buyer DPA amount not published.

Clark County / New Carlisle CHIP Homeownership Assistance Program limits household income to 80% of the area median income, which varies by county and household size. At or below 80% AMI. 2022 Clark County CHIP income limits by household size: 1=$37,150; 2=$42,450; 3=$47,750; 4=$53,050; 5=$57,300; 6=$61,550; 7=$65,800; 8=$70,050 (verify current-year limits). 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.

Clark County / New Carlisle CHIP Homeownership Assistance Program can be used for Single Family, Townhouse, Condo, Manufactured, and Modular. New construction is not eligible. Manufactured homes are eligible.

Clark County / New Carlisle CHIP Homeownership Assistance Program serves homebuyers purchasing in New Carlisle, Ohio. The program targets specific areas: Clark County and the City of New Carlisle, EXCLUDING the City of Springfield.

Applications for Clark County / New Carlisle CHIP Homeownership Assistance Program go through Clark County Community Development (with City of New Carlisle; homeownership assistance delivered by Neighborhood Housing Partnership of Greater Springfield), which publishes the current terms and the application steps on its own site. Funds are reserved through Competitive application round; homeownership/rehabilitation applications ranked by priority after eligibility verification. 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.