Home III Construction

What is Home III Construction?

Home III Construction is a grant for homebuyers in Multiple County, Oklahoma.

• CPN Home III Construction grant program — assists enrolled CPN tribal members building a new primary residence within the CPN service area. NAHASDA-funded, no-repayment grant subject to owner-occupancy.
• Grant assistance to enrolled Citizen Potawatomi Nation tribal members building a new owner-occupied primary residence within the CPN tribal service area. Funds defray construction soft costs, down payment on construction-to-permanent financing, closing costs, and pre-paid items. NAHASDA/IHBG-funded under CPN's Home III construction program.
• Funding comes from Federal, HUD, NAHASDA, IHBG, and Tribal.

Do you have to pay it back?

Home III Construction is structured as a grant, so it is not repaid.

• Repayment is triggered by No repayment — grant and subject to owner-occupancy affordability period.
• 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.

Who qualifies?

Home III Construction is open to buyers who will live in the home as their primary residence.

What are the income limits?

Home III Construction limits household income to 80% of the area median income, which varies by county and household size.

• Household income $54,768 (1 person) to $84,499 per CPN/HUD IHBG 80% AMI 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.

What kind of home can it be used for?

Home III Construction caps the purchase price as follows: Reasonable construction cost for primary residence; subject to appraisal.

• Eligible property types include New construction single-family detached, modular.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Home III Construction names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and American Indian and Alaska Native buyers 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.

Where does it apply?

Home III Construction serves buyers purchasing in Multiple County, Oklahoma.

• The program targets specific areas: CPN tribal service area in central Oklahoma.

How do you apply?

Applications for Home III Construction go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through CPN Housing Department construction-buyer counseling and HUD-approved homebuyer education.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply via CPN Housing Department; subject to annual NAHASDA construction-program allocation, and are subject to availability.

3. 3

   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.