City of Gresham Downpayment Assistance Grant

What is 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.

Do you have to pay it back?

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.

Who qualifies?

City of Gresham Downpayment Assistance Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Proud Ground Homebuyer Education (HUD-approved); other HUD-approved housing counseling agencies.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Application through Proud Ground; subject to City of Gresham fund availability, 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.