Affordable Home Ownership Development
Housing Development programs provide funding opportunities to for-profit and non-profit developers. The programs offered encourage the development of affordable homeownership projects that serve both families and individuals with annual incomes at or below 80% of area median income.
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The Commercial Area Transit Node Housing Program (CATNHP) is a state funded bond program available to municipalities, non-profit and for-profit sponsors to support first-time homebuyer housing through new construction or acquisition and rehabilitation.
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The Housing Development Division of the Department of Housing and Community Development provides funding to developers, non-profit organizations and communities to assist first time homebuyers.
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The HOME American Dream Downpayment Initiative (HOME ADDI) is a HOME Program that provides downpayment and closing costs assistance. HOME ADDI is a federally funded program that assists income-eligible households to purchase their first home.
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The HOME Program is a federally funded program that provides funding to non-profit or for-profit developers for first-time homebuyer housing production and rehabilitation.
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The Housing Stabilization Fund (HSF) is a state funded program for municipalities and non-profit or for-profit developers to support affordable first-time homebuyer housing acquisition and rehabilitation.
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Each year, the state allocating agency for the federal Low Income Housing Tax Credit (LIHTC) program is required to publish a plan describing how it intends to award the credit. DHCD, as the allocating agency, is responsible for preparing the annual allocation plan and making it available for review by interested members of the public before final publication.
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Important information for current home owners of deed restricted properties.
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The Soft Second Program is administered by DHCD and the Massachusetts Housing Partnership Fund, this program assists low-income people in buying their first home by offering them below-market mortgages. The program is available through cities and towns in partnership with participating banks.
