HomeBoost – Special Down Payment Assistance
The HomeBoost Down Payment Assistance Program provides down payment assistance grant funding to prospective first-time homeowners who:
- identify as Black or African American, Asian, Hispanic, Indian American or Alaska Native, and/or Native Hawaiian or Other Pacific Islander; or
- identify as a first-generation homebuyer and meet at least one of the outlined criteria for first-generation homebuyers:
- The parents or legal guardians of at least one borrower do not currently and have not previously owned a home in the United States, or
- At least one borrower has aged out of foster care, or
- At least one borrower has become emancipated.
Eligible households must have a total household income at or below 120% of the local Area Median Income as defined by HUD and must intend to purchase a primary residence in Indiana or Michigan.
Eligible prospective homebuyers who wish to use HomeBoost funds must work with a participating member financial institution. A list of participating institutions will be posted as the program round opens.
The 2025 round of HomeBoost will open on July 9.
HomeBoost Resource Materials