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.
Member financial institutions interested in HomeBoost should register for our upcoming 2025 program update webinar on February 27.
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.
HomeBoost Resource Materials