Downpayment Assistance Programs

Working In Neighborhoods does not have a Down Payment Assistance (DPA) program. However, there are several Down Payment Assistance programs available to prospective homeowners:

The American Dream Downpayment Initiative (ADDI) Program is designed to assist first-time homebuyers who want to purchase a home within the City of Cincinnati. Applicants may be awarded up to $5,000 in the form of a five-year forgivable loan that can only be used for a down payment and/or closing costs.

The buyer must:

  • Be a first-time homebuyer.
  • Be at or below 80% of the area median income.
  • Complete homebuyers counseling through Working In Neighborhoods or another HUD-approved agency.
  • Provide valid documentation of all sources of income (employment and benefits).

The residence must:

  • Be located within the City of Cincinnati limits.
  • Pass a local housing code inspection (conducted by the City Building Department).
  • Be a single-family residence (multi-families are not eligible).

For more information about The American Dream Down Payment Initiative (ADDI) through the City of Cincinnati, click here.


Ohio Housing Finance Agency First Time Homebuyer Program provides assistance in an amount of 2.5% of your home’s purchase price to pay for the down payment, closing costs, or other prepaid expenses incurred prior to closing

The buyer must:

  • Meet at least one of four qualifying categories:
    • Someone who has never owned real estate.
    • Someone who has not owned or had an ownership interest in his/her principal residence in the last three years.
    • Be a qualified military veteran.
    • Purchase a home in a target area.
  • Meet credit score requirements. The credit score for borrowers using OHFA’s First Time Homebuyer Programs must equal at least 640 or higher.
  • Have a signed Purchase and Sales Agreement for a qualifying property.
  • Qualify for the loan being requested. Lenders will assess your ability to afford a home by considering income, assets, job stability, liabilities, and other criteria.

The residence must:

  • Be located in the State of Ohio
  • Properties are limited to two acres within a municipal corporation and five acres outside a municipal corporation unless additional acreage is required by local health or safety code.
  • Qualifying properties include:
    • Existing homes: single-family dwellings, conforming condominiums, duplexes, and up to four-unit properties.
    • Newly built spec/nearly completed homes: one-unit single-family dwellings.
    • Modular/manufactured (mobile-style) homes: one-unit single-family dwellings, permanently affixed to a foundation.

For more information about down payment assistance through Ohio Housing Finance Agency (OHFA), click here.


The Federal Home Loan Bank of Cincinnati’s “Welcome Home” Grant provides up to $5,000 for down payments and closing costs for low- and moderate-income homebuyers. Funds become available beginning March 1st on a “first-come, first-served” basis until funds for the year are exhausted (usually by the end of May).

The buyer must:

  • Have an income at or below 80% of the Mortgage Revenue Bond (MRB) income.
  • Qualify for the first mortgage based on their current income. Co-signors and co-borrowers are not allowed unless they will occupy the home as their primary residence and their incomes are included in determining eligibility.
  • Contribute at least $500 of their own funds toward down payment and closing costs (60% of these funds may be received as a gift).
  • Applicants do not have to be first-time homebuyers. However, all first-time homebuyers must complete homebuyers counseling through Working In Neighborhoods or another HUD-approved agency.

The residence must:

  • Not require any significant repair or rehabilitation. If more than $500 is to be escrowed for repairs, the property is not eligible for Welcome Home without the advance written approval of the FHLBank prior to closing. Funds escrowed for repairs do not count towards the homebuyer’s required $500 cash contribution.
  • If the home is new construction, the home must be complete and the permanent financing closed before December 1.
  • Some manufactured housing is eligible for Welcome Home assistance.

For more information about the FHLB Welcome Home Grant, click here.