Partners for Community Development Homebuyer Assistance Program

What is Partners for Community Development Homebuyer Assistance Program?

Partners for Community Development Homebuyer Assistance Program is a deferred second loan for homebuyers in Sheboygan, Wisconsin, administered by Partners for Community Development, Inc.

• Partners for Community Development helps qualified first-time, low- and moderate-income homebuyers who have secured mortgage financing cover the down payment and closing costs of a single-family home in Sheboygan, Manitowoc, Kewaunee, or Door County. Assistance is a 0% interest deferred loan secured by a property lien with no monthly payment, repaid only when the home is sold or is no longer the borrower primary residence. Funded through the HUD HOME Investment Partnerships Program via Wisconsin DEHCR.
• 0% interest deferred loan.
• No monthly payment.
• Covers down payment and closing costs.
• Repaid only on sale or when no longer primary residence.
• Funding comes from HUD HOME Investment Partnerships Program via Wisconsin Division of Energy, Housing and Community Resources (DEHCR).

Do you have to pay it back?

Partners for Community Development Homebuyer Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Repaid when the home is sold or is no longer the borrower primary residence.
• The assistance is recorded in Subordinate position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Partners for Community Development Homebuyer Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Partners for Community Development Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Gross household income below 80% of County Median Income. 4-person limits effective 12/1/2025: Sheboygan $82,550; Manitowoc $76,800; Kewaunee $85,050; Door $83,850.
• 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?

Partners for Community Development Homebuyer Assistance Program caps the purchase price at $238,000.

• Eligible property types include Single Family.

Where does it apply?

Partners for Community Development Homebuyer Assistance Program serves buyers purchasing in Sheboygan, Wisconsin.

How do you apply?

Applications for Partners for Community Development Homebuyer Assistance Program go through Partners for Community Development, Inc., 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 HUD-approved homebuyer education and counseling course.

2. 2

   Contact Partners for Community Development, Inc. 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.