Homeownership Assistance
Intention of Program
Owning a home is part of the American Dream. The Grants and Community Development team can assist those trying to achieve homeowner status with the application of CDBG funding. One of our primary goals is to help expand home ownership opportunities to our low and moderate income citizens. A maximum of $5,000.00 can be awarded. A forgivable lien will be placed on the home and the duration of the lien is three-years.
Qualifications
- Must be a first time home buyer
- Home must be purchased within the city limits of Jonesboro
- Home cannot be located within flood zone
- Property must meet HUD Minimum Housing Quality Standards
- Household must meet Federal Income Guidelines
- Grant assistance for closing cost/down payment "out of pocket expense" of the buyer paid directly to the title company
- Applicant must complete Homebuyer Education Course with HUD approved counseling service online at https://www.hud.gov/program_offices/housing/nationally_hud_approved_housing_counseling_agenciesdirectory or at the nearest agency, the Mississippi County Arkansas Economic Opportunity Commission in Blytheville at https://mcaeoc.org/.
First-Time Homebuyer Assistance English (PDF)
First-Time Homebuyer Assistance Spanish (PDF)
Please fill out application and return to Program Manager. All required documentation must be included.
For help, contact the Program Manager at 870-336-7170 or cdbg@jonesboroar.gov.