Medium PriorityDevelopmentopen
First-Time Homebuyer Down Payment Assistance Program
Summary
The board discussed the city's purchase assistance program administered through Community Housing Initiatives (CHI), which provides forgivable down payment assistance loans to low- and moderate-income homebuyers.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jan 20, 2026.
Impact analysis
💰Financial impact
Involves federal grant funds (CDBG/HOME) allocated for down payment assistance up to approximately $45,000 per eligible homebuyer.
✅Who benefits
Low- and moderate-income first-time homebuyers striving to achieve homeownership in Melbourne.
Mentions & discussions (1)
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