Portland Housing Bureau DPA

What is Portland Housing Bureau DPA?

Portland Housing Bureau DPA is a forgivable loan for homebuyers in Portland, Oregon.

• Portland Housing Bureau (PHB) Down Payment Assistance Loan (DPAL) offering up to $80,000 at 0% interest for first-time homebuyers purchasing in Portland. Includes 50% loan forgiveness after 15 years and a grant portion for home improvement.
• Up to $80,000 in down payment assistance.
• 0% interest rate with no monthly payments.
• 50% of the loan is forgiven after 15 years of owner-occupancy.
• remaining balance due upon sale, refinance, or transfer.
• must contribute minimum $500 toward purchase.
• Funding comes from Local Government.

How much assistance does it provide?

Portland Housing Bureau DPA offers up to $80,000 in assistance.

• The program asks buyers to contribute $500.
• 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?

Portland Housing Bureau DPA is forgiven after 15 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, No Longer Primary, and Transfer of Title.
• 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?

Portland Housing Bureau DPA is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Portland Housing Bureau DPA limits household income to 100% of the area median income, which varies by county and household size.

• 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?

Portland Housing Bureau DPA caps the purchase price at $500,000.

• Eligible property types include Single Family, Condo, and Townhouse.

Where does it apply?

Portland Housing Bureau DPA serves buyers purchasing in Portland, Oregon.

How do you apply?

Applications for Portland Housing Bureau DPA 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 before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, 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.