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Homebuyer Incentive Program

Boardman, Oregon

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Assistance

$5,000

The maximum the program publishes — not an offer

Repayment

Grant

Not repaid

What is Homebuyer Incentive Program?

Homebuyer Incentive Program is a grant for homebuyers in Boardman, Oregon.

  • Boardman Community Development Association's Homebuyer Incentive Program offers grant-based homebuyer assistance to support homeownership within the City of Boardman, OR. The program is funded through local economic development sources.
  • Boardman Community Development Association's Homebuyer Incentive Program provides grant-based homebuyer assistance to incentivize home purchase within the City of Boardman. Funds typically applied to down payment and closing costs.
  • Funding comes from Local.

How much assistance does it provide?

Homebuyer Incentive Program offers up to $5,000 in assistance.

  • Buyer contribution: Per first-mortgage program requirements.
  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Homebuyer Incentive Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by Generally none if owner-occupancy is maintained for the affordability period and otherwise prorated repayment.
  • 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?

Homebuyer Incentive Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Per current program guidelines
  • Residency: Property must be located within City of Boardman, OR
  • Citizenship or immigration status: U.S. citizen or qualified non-citizen
  • Property must be located within the City of Boardman. Specific income, credit score, and purchase-price parameters set per funding cycle. Contact BCDA for current eligibility.

The program excludes

  • Manufactured homes

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Homebuyer Incentive Program sets its income limit as follows: Income limits per current program cycle - contact BCDA.

  • 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?

Homebuyer Incentive Program caps the purchase price as follows: Per current program cycle.

  • Eligible property types include 1-unit single-family, condominium, townhome, PUD.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Homebuyer Incentive Program serves buyers purchasing in Boardman, Oregon.

How do you apply?

Applications for Homebuyer Incentive Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

    Funds are reserved through Application through BCDA, and are subject to availability.

  2. 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.

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