Mayor’s Neighborhood Transformation Initiative Down Payment Assistance Program

The Mayor's Neighborhood Transformation Initiative DPA is an effort to support the Glenville-Circle North neighborhood of Cleveland. Qualify for up to $20,000 to purchase your new home!

We believe homeownership should be within reach for every family.

About the Program

Eligible Homes

Eligible homes must be located in the Glenville-Circle North neighborhood of Cleveland.

Homes must be fully-renovated or new construction.

Eligible Buyers

There are no income restrictions for buyers to participate.

Buyers must be bankable and have the ability to secure a first mortgage from a private lender.

Buyers must occupy the home for a period of five years after the sale.

The $20,000 down payment assistance will be provided to the buyer as a 0% deferred second mortgage which will be forgiven after 5 years.

Borrowers must contribute to the transaction:

Income below or at 120% AMI = 3%.

Greater than 120% AMI = 5%.

Further program qualifications and eligibility requirements apply.  Download the program overview and required document list for more information.

Eligible developments are constructed and renovated by the following organizations. Click on the organization for more information on their work in Glenville-Circle North.

Newly-renovated: Famicos Foundation

New construction: Knez Homes and the Orlean Company.

How to Apply

Email

You may email your completed application to

info@chnhousingcapital.org.

Mail

2999 Payne Ave. Suite 134
Cleveland, OH 44114

You may also drop off your completed application in the Lending Services drop box on the first floor of our office (near Suite 134)