News Flash

Now Accepting Applications! 
Up to $80,000 Available for Down Payment and Closing Cost Assistance! 

Beginning July 31, 2023, eligible individuals and families will be able to apply at a local approved participating Lender for financial assistance to assist with purchasing a home within the Durham city limits. 

Durham residents who are in the market to buy their first home will soon be able to apply for up to $80,000 for down payment and closing costs assistance from a relaunched City of Durham Down Payment Assistance (DPA) Program. The DPA Program is funded and administered through the City of Durham Community Development Department. 

Homebuyer Eligibility

Eligible homebuyers may receive up to $80,000 for down payment and closing cost assistance.  Funds will be provided as a forgivable, interest free, 15-year loan, with a zero payment.   City funding for the program is $5.7 million dollars.

To be eligible for the Program, applicants must earn at least 80% or below the area median income (AMI) as established by the U.S. Department of Housing and Urban Development (HUD), must not have owned a home for the past three years and must plan to use the home as their primary residence.

 Lender Participation

To become an approved participating DPA Program Lender, Mortgage Loan Officers and/or Brokers must attend a compliance training with the City of Durham Community Development Department. The training will include DPA Program Policy and Underwriting Guidelines and the electronic platform software, Neighborly.  With Neighborly, Lenders will be able to submit applications on behalf of the potential homebuyers.  For more information on how to apply to become a City of Durham Approved Participating DPA Program Lender, please complete an Approved Participating Lender Interest Form.

Program Resources

A copy of the City of Durham DPA Program Eligibility and Requirements, Fiscal Year 2023 U.S. Department of Housing and Urban Development (HUD) Area Median Income Limits, and the List of Approved Participating DPA Program Lenders: 

• Down Payment Assistance (DPA) Program Requirements
• FY 2023 HUD Area Median Income Limits
• List of Approved Participating DPA Program Lenders

A copy of the City of Durham DPA Program Requirements, Fiscal Year 2023 U.S. Department of Housing and Urban Development (HUD) Area Median Income Limits, and the List of Approved Participating DPA Program Lenders can be found below.   

City of Durham DPA Program Requirements

FY 2023 HUD Area Median Income Limits

List of Approved Participating DPA Program Lenders 

Funding for the DPA Program is provided as part of the City's Forever Home, Durham, a $160 million investment in affordable housing which is supported in part by a $95 million affordable housing bond approved by voters in 2019.   

For more information on how to apply to become a City of Durham Approved Participating DPA Program Lender, please complete an Approved Participating Lender Interest Form.

For more information about the City of Durham DPA Program, contact Erick Boyd, Senior Community Development Analyst, Neighborhood Stabilization Team, at [email protected] or call 919-560-4570, ext. 22224.  

Notice under the Americans with Disabilities Act  
Persons who require assistance to participate in government activities should contact (919) 560‐4197 or [email protected] no later than 48 hours before the event. 

Aviso bajo el Acto de Americanos Discapacitados 
Las personas que requieran asistencia para participar en actividades gubernamentales deben comunicarse al (919) 560‐4197 o [email protected] a más tardar 48 horas antes del evento.