City of Gresham Downpayment Assistance Grant

City of Gresham Downpayment Assistance Grant is a grant for homebuyers in Gresham, Oregon. The City of Gresham Downpayment Assistance Grant, administered by Proud Ground, provides forgivable grant assistance to low- and moderate-income first-time homebuyers purchasing within City of Gresham limits. Funds may be used for down payment and closing costs. Forgivable down payment assistance grant for low- and moderate-income first-time homebuyers purchasing within City of Gresham limits. Operates as a forgivable second mortgage. balance forgiven over a specified affordability period if owner-occupancy maintained. Funding comes from City and HOME.

City of Gresham Downpayment Assistance Grant is structured as a grant, so it is not repaid. Repayment is triggered by Sale, transfer, refinance without subordination, or loss of owner-occupancy before forgiveness period concludes. 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.

City of Gresham Downpayment Assistance Grant is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Typically 640 minimum FICO (lender overlay). A homebuyer education course is required, through Proud Ground Homebuyer Education (HUD-approved); other HUD-approved housing counseling agencies. Residency requirement: Property must be located within City of Gresham, OR. Citizenship or immigration status: U.S. citizen or qualified non-citizen. Pre-purchase homebuyer education required. Property must be within City of Gresham limits. Must complete Proud Ground intake and qualify under City of Gresham income/AMI guidelines. Owner-occupancy required for full forgiveness term.

City of Gresham Downpayment Assistance Grant limits household income to 80% of the area median income, which varies by county and household size. Household income between approximately 60% AMI ($56,485 for 1-person) and 80% AMI ($106,795 for 8-person, 2025 Portland-Vancouver-Hillsboro MSA limits). 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.

City of Gresham Downpayment Assistance Grant caps the purchase price as follows: Set per program guidelines / aligned with FHA limits. Eligible property types include 1-unit single-family, condominium, townhome, PUD. New construction is eligible. Manufactured homes are not eligible.

City of Gresham Downpayment Assistance Grant serves homebuyers purchasing in Gresham, Oregon.

Applications for City of Gresham Downpayment Assistance Grant go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Application through Proud Ground; subject to City of Gresham fund availability. 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.