Mon Valley Initiative Affordable Homeownership Program

What is Mon Valley Initiative Affordable Homeownership Program?

Mon Valley Initiative Affordable Homeownership Program is down payment assistance for homebuyers in Homestead, Pennsylvania, administered by Mon Valley Initiative.

• Mon Valley Initiative develops, rehabilitates, and sells income-restricted single-family homes to buyers at or below 80% of Pittsburgh Metro AMI in the Mon Valley communities of Allegheny, Washington, and Westmoreland Counties. Buyers must obtain mortgage pre-approval (minimum ~$110,000) to join the waitlist. MVI also provides free HUD-certified pre-purchase and pre-closing counseling and helps buyers identify DPA programs through PHFA and others.
• Affordable below-market sale price on renovated homes.
• Income-restricted to 80% AMI.
• Free HUD-certified housing counseling.

Do you have to pay it back?

Mon Valley Initiative Affordable Homeownership Program is down payment assistance and is repaid under the terms set by Mon Valley Initiative.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Mon Valley Initiative Affordable Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Mon Valley Initiative Affordable Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• At or below 80% AMI, Pittsburgh HUD Metro (2025): 1p $61,850; 2p $70,650; 3p $79,500; 4p $88,300; 5p $95,400; 6p $102,450; 7p $109,500; 8p $116,600.
• 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?

Mon Valley Initiative Affordable Homeownership Program can be used for Single Family.

• New construction is not eligible.
• Manufactured homes are not eligible.

Where does it apply?

Mon Valley Initiative Affordable Homeownership Program serves buyers purchasing in Homestead, Pennsylvania.

• The program targets specific areas: Mon Valley communities in Allegheny, Washington, and Westmoreland Counties (Rankin, Homestead, Braddock, Clairton, Charleroi, etc.).

How do you apply?

Applications for Mon Valley Initiative Affordable Homeownership Program go through Mon Valley Initiative, 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 MVI HUD-certified housing counselor; PHFA-approved pre-purchase and pre-closing counseling (free).

2. 2

   Contact Mon Valley Initiative to reserve funds

   Funds are reserved with the provider 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.