First-Time Homebuyer Assistance Programs

Rationale

Often, low-income workers can afford the monthly mortgage costs associated with homeownership, but they cannot save enough money for the downpayment and closing costs. Many states offer programs to help low-income families buy homes through downpayment assistance.

About Measure

States receive credit for one or more of the following programs: 1) direct lending for homeownership, 2) homeownership counseling, 3) funds for second mortgages, 4) funds for construction assistance, 5) lease purchase arrangement, 6) direct grants for downpayments. A states receives 0 points if it does not have any of the designated programs, 0.17 points if it has one program, 0.33 if it has two, 0.5 if it has three, 0.67 if it has four, 0.83 if it has five, and 1 point if it has all six.

Source

National Council of State Housing Agencies. (2000). State HFA fact book: 2000 NCSHA annual survey results. Washington D.C.: Author.

State	Direct Lending	Counsel	2nd Mortgage	Const. Assist.	Lease Purch.	Direct Grants
Alabama	No	Yes	Yes	No	No	No
Alaska	Yes	Yes	Yes	No	Yes	No
Arizona	Yes	Yes	Yes	No	No	Yes
Arkansas	No	Yes	Yes	No	No	No
California	No	Yes	Yes	Yes	No	Yes
Colorado	Yes	Yes	Yes	No	No	No
Connecticut	No	Yes	Yes	No	No	No
Delaware	No	Yes	Yes	No	No	No
Florida	Yes	Yes	Yes	Yes	No	No
Georgia	Yes	Yes	Yes	No	No	Yes
Hawaii	Yes	Yes	Yes	No	No	No
Idaho	Yes	Yes	Yes	Yes	No	Yes
Illinois	No	Yes	Yes	No	No	Yes
Indiana	No	Yes	Yes	No	Yes	Yes
Iowa	Yes	Yes	Yes	Yes	Yes	Yes
Kansas	No	Yes	Yes	Yes	No	No
Kentucky	Yes	Yes	Yes	Yes	No	Yes
Louisiana	No	No	No	Yes	No	Yes
Maine	No	Yes	Yes	No	No	No
Maryland	Yes	Yes	Yes	No	No	No
Massachusetts	Yes	Yes	No	Yes	No	No
Michigan	Yes	Yes	Yes	Yes	Yes	No
Minnesota	No	Yes	Yes	Yes	No	No
Mississippi	Yes	Yes	Yes	No	No	No
Missouri	Yes	No	Yes	No	No	No
Montana	No	No	No	No	No	No
Nebraska	Yes	Yes	Yes	Yes	Yes	Yes
Nevada	No	No	Yes	No	No	No
New Hampshire	Yes	Yes	Yes	No	No	Yes
New Jersey	No	Yes	Yes	Yes	Yes	Yes
New Mexico	Yes	Yes	Yes	Yes	Yes	Yes
New York	Yes	Yes	Yes	Yes	No	Yes
North Carolina	No	Yes	Yes	No	No	No
North Dakota	No	Yes	Yes	No	No	No
Ohio	No	No	No	No	No	No
Oklahoma	Yes	Yes	No	Yes	No	Yes
Oregon	Yes	Yes	Yes	No	No	Yes
Pennsylvania	Yes	Yes	Yes	No	No	Yes
Rhode Island	Yes	Yes	Yes	Yes	No	Yes
South Carolina	No	Yes	Yes	No	No	No
South Dakota	Yes	Yes	Yes	Yes	Yes	No
Tennessee	Yes	No	No	No	No	Yes
Texas	Yes	Yes	Yes	Yes	No	Yes
Utah	No	No	Yes	No	Yes	No
Vermont	No	Yes	Yes	No	No	No
Virginia	Yes	Yes	Yes	No	No	No
Washington	No	Yes	Yes	Yes	No	Yes
West Virginia	Yes	Yes	Yes	Yes	No	Yes
Wisconsin	No	No	No	Yes	No	No
Wyoming	No	Yes	Yes	No	No	No

First-Time Homebuyer Assistance Programs

Rationale

About Measure

Source

State Pages