City of Memphis Division of Housing & Community Development (HCD)
Up to $25,000 toward a down payment in TN.
The City of Memphis HCD Homebuyer Program Incentive Citizens (HIPC) provides down payment and closing cost assistance to homebuyers purchasing within 15 designated revitalization areas of Memphis. Assistance is a forgivable, deferred-payment loan not exceeding $25,000 or 10% of the sales price, secured by a five-year lien with no monthly payments. Unlike the income-restricted Citywide DPA, HIPC allows incomes up to 200% of area median income.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on Memphis Homebuyer Program Incentive Citizens (HIPC): what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.