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Program Features

The HouseCharlotte program provides 5, 10, or 15-year, deferred, forgivable loans to qualified  applicant’s .  Funds can be used to cover downpayment, closing cost, and interest rate buy down.

 

 

• Funding up to $10,000 for families with household income at or below 80% Area Median Income (AMI) purchasing within Charlotte City limits.
• Funding up to $10,000 for Public Service Employees with household income at or below 80% AMI purchasing within Charlotte City limits. 
• Funding up to $5,000 for families with household income above 80% AMI, up to 110% AMI purchasing within Charlotte City limits.
• PILOT PROGRAM – Up to $17,000 for families with household income at or below 80% AMI purchasing in select High Cost City of Charlotte NPA’s.

• Eligibility

   

• Families with household income that is 110% or less of the HUD Area Median Income are eligible for assistance
• Participants must complete a pre-purchase Homeownership program through a HUD-approved Housing Counseling Agency.
• The home must be a family’s primary residence and be located within the City of Charlotte or one of designated HouseCharlotte eligible NPA’s per the Program Features.
• Maximum purchase price is $230,000 for New Construction properties and $200,000 for Existing properties.
  • The HouseCharlotte down-payment assistance can be combined with other DAPs such as NCHFA-CPLP (Community Partners Loan Pool).
  • Call EMJ Realty & Asset Services
  • 704-536-5356