Homebuyer Incentives

Provides prospective homebuyers who desire to purchase a home in the Focus Neighborhoods with homeownership training and down-payment assistance of up to $5,000.

• Everyone is eligible to apply.
• NO income requirement.
• Purchase a home in Idora, Lincoln Park, or Crandall Park North.
• Must serve as primary dwelling for a minimum of 3 years.
• Participate in free pre and post purchase homebuyer training.
• Ability to contribute a minimum of three percent of the purchase price.
• Down-payment assistance grant of up to $5,000 or 10 percent of the purchase price, whichever is less.

For additional information contact:

Kenya A. Roberts-Howard
Senior Program Coordinator
Youngstown Neighborhood Development Corporation
330-480-0423
khoward@yndc.org

Provides prospective homebuyers who desire to purchase a YNDC Green Home with homeownership training and down-payment assistance of up to $10,000.

• Energy efficient homes renovated to green standards and sold by YNDC.
• Household income must be at or below 50 percent of the area median income.
• Participate in free pre and post purchase homebuyer training.
• Must serve as primary dwelling for a minimum of 3 years.
• Down-payment assistance grant of up to $10,000 or 20 percent of the purchase price, whichever is less.
• Buyers may also be eligible for the City of Youngstown Home Buyer Assistance Program.

For additional information contact:

Kenya A. Roberts-Howard
Senior Program Coordinator
Youngstown Neighborhood Development Corporation
330-480-0423
khoward@yndc.org

A program which involves participating lenders, in combination with their private mortgage programs, to qualify new homebuyers in the City of Youngstown for down payment and closing cost assistance.

• Up to $3,000 deferred, forgivable loan.
• Purchase price limited to FHA 203(b) cap.
• Must use home as primary residence for 5 years.
• Household income must be between 50% and 80% of area median income.
• Must not have had a home titled in name for 1 year.
• Property must meet all current code standards.

For additional information contact:

Linda Hoefert
Housing Director
City of Youngstown
330-744-1261
LAHoefert@CityofYoungstownOH.com

A program which involves participating lenders, in combination with their private mortgage programs, to qualify new homebuyers in the City of Youngstown for down payment and closing cost assistance.

• Up to $5,000 deferred, forgivable loan.
• Purchase price limited to FHA 203(b) cap.
• Must use home as primary residence for 5 years.
• Household income must be between 50% and 80% of area median income.
• Must not have had a home titled in name for 1 year.
• Property must meet all current code standards.
• Property must be located in designated target area:
  • Hawthorne Area (boundaries: N-680, S-Falls Ave, E-Market St, W-Glenwood Ave)
  • Baldwin Street Area (boundaries: N-Broadway St, S-Madison Ave, E–Wick Ave, W–Elm St)
  • Hope VI Area (boundaries: N-Fairmont Ave, S-680 & 422, E-Covington St, W-422 & Superior St)
  • Beechwood Area (boundaries: Beachwood Dr)

For additional information contact:

Linda Hoefert
Housing Director
City of Youngstown
330-744-1261
LAHoefert@CityofYoungstownOH.com

A program which involves participating lenders, in combination with their private mortgage programs, to qualify new homebuyers in the City of Youngstown for down payment and closing cost assistance.

• Up to $6,000 deferred, forgivable loan.
• Purchase price limited to FHA 203(b) cap.
• Must use home as primary residence for 5 years.
• Household income must be between 50% and 80% of area median income.
• Must not have had a home titled in name for 1 year.
• Property must meet all current code standards.
• Property must be located in Hope VI Area (boundaries: N-Fairmont Ave, S-680 & 422, E-Covington St, W-422 & Superior St)

For additional information contact:

Linda Hoefert
Housing Director
City of Youngstown
330-744-1261
LAHoefert@CityofYoungstownOH.com

HMHP employees are eligible for $3,000 to assist them in making the necessary down payment and other related costs required for home ownership under the HOPE VI program. The $3,000 will be considered a loan that will be considered paid-in-full after the employee completes three years after the date of home purchase of both continuing to work for HMHP and continue to reside in the home. The loan will be reduced by a third each of the three years.

• Must be an HMHP employee with a hire basis of 32 hours or more and in good standing.
• HMHP employees’ current length of service is greater than or equal to two years.
• HMHP employees’ annual income is up to $24,000 or family income is up to $41,700.
• Must participate in HMHP Hope VI Development Program.
• Must meet and maintain all YMHA Hope VI and HMHP criteria.

For additional information contact:

Human Resources Service Center
Humility of Mary Health Partners
330-480-4370