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.

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.

Home III Construction is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 620 minimum FICO recommended for construction-to-perm. A homebuyer education course is required, through CPN Housing Department construction-buyer counseling and HUD-approved homebuyer education. Residency requirement: Property within CPN tribal service area, owner-occupied as primary residence. Citizenship or immigration status: Enrolled Citizen Potawatomi Nation tribal member. Enrolled Citizen Potawatomi Nation tribal member. Property must be within CPN tribal service area, new construction owner-occupied primary residence. Income at or below 80% AMI ($54,768-$84,499 by household size). Construction must meet IECC and HUD HQS standards. CPN Housing pre-construction counseling required.

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.

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.

Home III Construction 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.

Home III Construction serves homebuyers purchasing in Multiple County, Oklahoma. The program targets specific areas: CPN tribal service area in central Oklahoma.

Applications for Home III Construction go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply via CPN Housing Department; subject to annual NAHASDA construction-program 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.