Homeownership

Overview

The City of Boise (the City) supports homeownership opportunities by providing assistance in the form of a mortgage to qualified homebuyers purchasing homes within Boise city limits. This program is supported through the City’s annual funding allocation from the U.S. Department of Housing and Urban Development’s entitlement grants.

Through the Homeownership Opportunity Program (HOP), the City’s funds can be used toward an eligible buyer’s down payment and/or closing costs and can provide direct financing that reduces the size of a buyer’s primary loan (i.e., first mortgage) to a level that is affordable.

Household Eligibility

Households must have a gross household income of at least 50% and no more than 80% of the Area Median Income (AMI), as published annually by HUD.

How to Apply

The City only accepts referrals to the Homeownership Opportunity Program through its designated partner organizations. Potential buyers may work with either NeighborWorks Boise or LEAP Housing to complete the prerequisite housing counseling and to secure primary financing.

For more information, please review the Homeownership Opportunity Program Policy and Loan Terms and Underwriting Requirements.