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Financing + Assistance | Grant = Success

Homebuyer Down Payment Assistance

1st Time Buyer, Housing Choice Voucher, or Returning to Homeownership At HPP CARES Foundation, we believe that homeownership is a fundamental aspect of building a stable future for families, regardless of their backgrounds. Our Downpayment Assistance Program (DPA) aims to make this dream a reality for all. By empowering families to become homeowners, we are fostering an environment where individuals can raise their standards and create a conducive space for achieving their family goals.

Through our DPA program, HPP CARES Foundation brings hope to communities striving to attain the American dream of homeownership. We see ourselves as advocates for strengthening the economic ladder by promoting financial stability through homeownership. By providing down payment assistance, we aim to enhance opportunities and create real pathways to homeownership for families.

Program Highlights

Required being approved for financing with HPP CARES preferred lending partner Rate Sheet

Looking to become qualified complete the following documents.

Must complete Pre Purchase Educational Training  

Offered Exclusive by HPP Cares Calendar

Must Complete 1 on 1 Homebuyer Counseling

No silent second mortgage/or second mortgage

Refinance after 6 months ok

Increased in income limits to 140% of the area median income

Nationwide Program

Easy approval process

Not limited to first-time home buyers

True Grant 3.5%/No Repayment/No Recapture

55% DTI or DU Approval from the Participating Lender

Can use Grant for the Down Payment and/or Closing Cost

No liens on title

Borrower must be approved by the participating lender guidelines/overlays and credit score.


  ADU Predevelopment Grant

HPP CARES Foundation recognizes the critical need for increased affordable housing within the state. In addition to educating families on accessing affordable housing, we emphasize the utilization of underutilized space to accommodate additional family members or generate rental income, thereby alleviating housing costs.

To further this initiative, HPP CARES Foundation has established a grant fund aimed at supporting property owners in covering pre-development expenses associated with adding additional space through Accessory Dwelling Units (ADUs).

Program Highlights

Must use HPP CARES Preferred Lending Partner Rate Sheet

Looking to become qualified complete the following documents.

Must complete ADU Educational Training

Offered Exclusive by HPP CARES HPP Cares Calendar

Must Complete 1 on 1 ADU Counseling

All proceeds for ADU project must be placed in a construction fund disbursement account to ensure project is completed.

Project Draws not to exceed 4 phases

Must have licensed contractor of subcontractor

Must owner occupy

Must understand the 1099 aspect of the grant money

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