Maude Hill Growing Homeownership Fund

Maude Hill Growing Homeownership Fund is a deferred second loan for homebuyers in Columbus, Ohio. Homeport's Maude Hill Growing Homeownership Fund: up to $40,000 0% interest 10-year forgivable second mortgage for FTHBs in Columbus/Franklin County. Named in honor of Black civil rights leader Maude Hill; mission-driven program focused on closing the racial homeownership gap with priority outreach to Black homebuyers and communities of color. Up to $40,000 in down payment and closing cost assistance for first-time homebuyers in Columbus/Franklin County. 0% interest deferred forgivable second mortgage (10-year forgiveness term). Named in honor of Maude Hill — a prominent Black Columbus civil rights leader and homeownership advocate. Mission focus: closing the racial homeownership gap and supporting historically excluded Black families and communities of color in Columbus. Funding comes from Private, Philanthropic, and Local.

Maude Hill Growing Homeownership Fund is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Pro rata recapture if owner sells/refinances/vacates within 10-year forgiveness term. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Maude Hill Growing Homeownership Fund is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Standard FTHB waivers; descendants of Maude Hill or families with multi-generational displacement may receive priority consideration. On credit, the program states: 640 minimum FICO recommended. A homebuyer education course is required, through Homeport HUD-approved homebuyer education plus one-on-one counseling required; specialized counseling tracks for Black homebuyers and other historically excluded populations. Residency requirement: Property in Columbus / Franklin County, owner-occupied. Citizenship or immigration status: U.S. citizen or qualifying permanent resident. First-time homebuyer. Property in Columbus / Franklin County. Income at or below ~140% Columbus MSA AMI: $99,120-$186,900 by household size. Homeport homebuyer education and counseling required. Minimum $1,000 borrower contribution. Program is OPEN to all qualifying buyers but outreach, marketing, and counseling explicitly target and prioritize Black homebuyers, descendants of Maude Hill, and historically excluded communities of color in alignment with the fund's mission and the legacy of Maude Hill.

Maude Hill Growing Homeownership Fund limits household income to 120% of the area median income, which varies by county and household size. Household income at or below ~140% Columbus MSA AMI: $99,120-$186,900 by household size. 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.

Maude Hill Growing Homeownership Fund caps the purchase price as follows: Per Homeport program guidelines and HUD area median sales price for Franklin County. Eligible property types include Single-family detached, condo, townhouse, 1-2 unit owner-occupied. New construction is eligible. Manufactured homes are not eligible.

Maude Hill Growing Homeownership Fund names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and American Indian and Alaska Native homebuyers 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.

Maude Hill Growing Homeownership Fund serves homebuyers purchasing in Columbus, Ohio. The program targets specific areas: Mission-focused on closing racial homeownership gap in Columbus / Franklin County; targeted outreach to Black homebuyers, descendants of Maude Hill, and historically excluded communities of color.

Applications for Maude Hill Growing Homeownership Fund go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply via Homeport; subject to Maude Hill Fund annual allocation. 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.