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NCRA Homebuyer Assistance

North Clackamas Revitalization Area, Oregon

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Income limit

80% AMI

Of area median income; varies by county and household size

Price cap

$335,000

Highest purchase price the program allows

Repayment

Deferred

No payments until the home is sold or refinanced

What is NCRA Homebuyer Assistance?

NCRA Homebuyer Assistance is a deferred second loan for homebuyers in North Clackamas Revitalization Area, Oregon.

  • Clackamas County's NCRA Homebuyer Assistance provides up to $50,000 in down payment and closing cost help as a 0% interest deferred second mortgage to first-time homebuyers purchasing within the North Clackamas Revitalization Area urban renewal boundary. Funded through tax increment financing from the NCRA URA.
  • North Clackamas Revitalization Area (NCRA) Homebuyer Assistance provides up to $50,000 as a 0% interest deferred-payment second mortgage for down payment and closing costs. Property must be located within the NCRA boundary in unincorporated North Clackamas County (Oak Lodge, Jennings Lodge, Milwaukie urban area, etc.).
  • Funding comes from County, TIF, and URA.

Do you have to pay it back?

NCRA Homebuyer Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Sale, transfer, refinance without subordination, or loss of owner-occupancy.
  • 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?

NCRA Homebuyer Assistance 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: Typically 640 minimum FICO
  • A completed homebuyer education course, through HUD-approved housing counseling agencies (Proud Ground, Portland Housing Center, etc.)
  • Residency: Property must be located within North Clackamas Revitalization Area boundary
  • Citizenship or immigration status: U.S. citizen or qualified non-citizen
  • Pre-purchase homebuyer education required. Property must be located within the North Clackamas Revitalization Area (NCRA) urban renewal boundary. Income limit 80% AMI ($67,700 for 1-person; $112,200 for 8-person). Maximum purchase price $335,000.

The program excludes

  • Manufactured homes
  • Purchases above the $335,000 price cap
  • Households above 80% of area median income

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?

NCRA Homebuyer Assistance limits household income to 80% of the area median income, which varies by county and household size.

  • Household income at or below 80% AMI Portland-Vancouver-Hillsboro MSA: 1-person $67,700; 4-person $96,650; 8-person $112,200 (2025).
  • 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?

NCRA Homebuyer Assistance caps the purchase price at $335,000.

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

Where does it apply?

NCRA Homebuyer Assistance serves buyers purchasing in North Clackamas Revitalization Area, Oregon.

  • The program targets specific areas: Property must be located within the North Clackamas Revitalization Area urban renewal boundary.

How do you apply?

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

  1. Take a homebuyer education course

    Required by the program, through HUD-approved housing counseling agencies (Proud Ground, Portland Housing Center, etc.).

  2. Contact the administering agency to reserve funds

    Funds are reserved through Application through Clackamas County Community Development, and are subject to availability.

  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.

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