Tag Archives: Homeownership Program Index Report

U.S. homebuyer assistance programs increase in Q1 2026 as identified by housing industry authority Down Payment Resource

Program count continues to grow, giving housing industry professionals more ways to support homebuyers

2,679 U.S. homebuyer assistance programs identified in Q1 2026 by housing industry authority Down Payment Resource
Down Payment Resource identifies 2,679 homebuyer assistance programs nationwide in Q1 2026

ATLANTA, Ga., April 29, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homeownership program data and solutions, today released its Q1 2026 Homeownership Program Index (HPI) report, identifying 2,679 programs nationwide. This represents a 2% increase from the previous quarter (2,619 programs), reflecting continued expansion of resources designed to improve affordability and access to homeownership.

Image caption: U.S. homebuyer assistance programs increase in Q1 2026 as identified by housing industry authority Down Payment Resource.

DPA programs provide meaningful financial support that strengthens borrower profiles. By reducing loan-to-value ratios and covering upfront costs such as down payments, closing costs and rate buydowns, these programs help convert qualified demand into successful homeownership outcomes.

The majority of programs in DPR’s database remain active and available to buyers, with 2,073 programs (77%) currently funded and accessible. As affordability challenges persist, these programs continue to play a critical role in helping lenders qualify borrowers, reduce upfront costs and expand homeownership opportunities.

“Recent data shows buyers are spending more than $31,000 beyond the down payment, often far more than they’d expected,” said Rob Chrane, founder and CEO of Down Payment Resource. “With 62% of programs serving incomes above $100K, DPA is a powerful tool to help qualified buyers move forward without draining their savings, while giving lenders more flexibility to expand access to homeownership.”

KEY Q1 2026 HPI REPORT FINDINGS:

An examination of the 2,679 homeownership programs on April 1, 2026, resulted in the following key findings:

Program count continues to climb: The total number of programs increased to 2,679, up from 2,619 in Q4 2025 and 2,509 year over year (YoY), reflecting steady growth in available assistance options. 2,073 programs (77%) are currently active and funded, providing immediate opportunities for homebuyers across the country. By state, California has the highest number of programs (424) and providers (263), followed by Florida (271/174) and Texas (196/103).
More programs with no income limits: 284 programs (11%) do not have income restrictions, a 5% increase from the prior quarter, giving lenders greater flexibility to qualify a broader range of borrowers.
Second mortgages remain dominant: Second-mortgage programs make up 56% of all program types, offering flexible structures such as deferred or forgivable loans that reduce upfront costs for buyers. Combined assistance programs account for 10% of programs, while first-mortgage programs represent 9%. 220 programs (8%) are grants, which offer significant value because they do not require repayment, an increase of 6% from the prior quarter.
Local providers lead program availability: Municipalities account for the largest share of programs at 39% (1,056), up 3% from the prior quarter, followed by nonprofits at 22% (578), also up 3% and state housing finance agencies (HFAs) at 18% (469), up 1%. Local HFAs represent an additional 8% (208 programs), reflecting continued growth in community-based program delivery.
Support for first-time and first-generation buyers expands: 1,666 programs (62%) are available to first-time homebuyers, up from 1,639 in the prior quarter, while 33 programs support first-generation buyers, holding steady from last quarter. These programs continue to expand access to homeownership for those entering the market for the first time or without family homeownership history respectively.
Incentive programs broaden access: 206 programs offer special incentives based on occupation or borrower characteristics, up from 201 in the prior quarter. There are 71 for educators (34%), 58 for Native American homebuyers (28%), 54 for Veterans (26%) and 50 for protectors such as law enforcement and first responders (24%), reflecting continued support for key community segments.
Expanded property and housing options: Programs supporting multi-unit properties (2–4 units) increased to 934 (35%), up from 923 in Q4 2025, while 1,053 programs (39%) now support manufactured housing, up from 1,041 (40%). These trends reflect continued expansion of more flexible and affordable homeownership pathways, including options that support rental income potential and lower-cost housing alternatives.

A more detailed analysis of the Q1 2026 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/down-payment-assistance-continues-to-expand-in-q1-2026-reaching-2679-programs-nationwide/

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2026/04/HPI-state-by-state-data.Q12026.pdf

Members of the media are encouraged to contact DPR for data specific to their reporting needs.

METHODOLOGY:

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,400 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

ABOUT DOWN PAYMENT RESOURCE:

With a database that tracks over 2,600 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, Down Payment Resource (DPR) is the housing industry’s authority on homeownership program data and solutions, helping housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, two of the largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #downpayment

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Image caption: U.S. homebuyer assistance programs increase in Q1 2026 as identified by housing industry authority Down Payment Resource

NEWS SOURCE: Down Payment Resource

This press release was issued on behalf of the news source (Down Payment Resource), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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43 new assistance programs were added during the first quarter of 2025, expanding support for more homebuyers

Down Payment Resource's Q1 2025 HPI Report finds 2,509 homebuyer assistance programs available nationwide with an average benefit of $18,000

ATLANTA, Ga., April 22, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.

Image caption: Down Payment Resource’s Q1 2025 HPI Report.

Down payment assistance (DPA) can be used by lenders to lower a homebuyer’s loan-to-value (LTV) ratio by an average of 6%. The average benefit is $18,000.

“Rates are still high and prices keep climbing, but we’re seeing expanded program offerings, new providers and greater flexibility in how funds are used — not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs,” said Rob Chrane, founder and CEO of DPR. “More programs now include manufactured and multi-family homes, opening new paths to affordability and steady income. For lenders, that means more ways to qualify buyers and close loans in a tough market.”

KEY Q1 2025 HPI REPORT FINDINGS

An examination of the existing 2,509 homebuyer assistance programs on April 4, 2025, resulted in the following key findings:

43 homebuyer assistance programs were added in Q1 2025, a 2% increase from Q4 2024. 952 programs (38%) are available to repeat buyers. 240 programs (10%) do not have income restrictions, increasing the number of buyers who might qualify for assistance. 29 programs support first-generation homebuyers, an increase of 16% over the last quarter.
”Other homebuyer assistance” programs increased 35% from the previous quarter, below-market-rate (BMR)/resale-restricted programs increased 18% and grant programs grew 7%. BMR/resale-restricted programs offer housing at prices lower than the open market, with restrictions on resale to ensure affordability for future buyers, typically low-to moderate-income households.
80% of DPAs in Q1 were deferred payment programs, a 3% increase from the previous quarter. With a deferred payment loan, borrowers don’t make monthly payments, and the balance is typically due when they sell or refinance or the loan matures. Many of these loans are also forgivable. 53% of DPAs in Q1 offered partial or full forgiveness over time, as long as the homeowner meets certain requirements, such as maintaining primary residency.
990 programs (39%) were offered through local housing finance agencies (HFAs), virtually unchanged from the previous quarter. Nonprofits accounted for 21%, a 2% increase over the previous quarter. State FHAs represented 18%, a slight drop from the previous quarter.
The number of programs supporting manufactured housing grew 6%, from 914 in Q4 2024 to 971 in Q1 2025. Manufactured homes are considered to be an affordable housing supply since they are significantly cheaper to purchase than site-built homes, with average costs per square foot around $87 versus $166 according to the Manufactured Housing Institute.
833 programs supported the purchase of multi-family housing, a 3% increase from the previous quarter. Of these, a growing number of programs support purchasing three-unit homes (562) and four-unit homes (536). Investing in multifamily properties can generate cash flow and potentially offer tax advantages to buyers.
20 programs offered special funding to surviving military spouses, an 18% increase from the previous quarter, while energy efficiency programs grew by 17%. Other incentive programs included 69 for educators, 56 for protectors (jobs focused on safeguarding people, property, or information), 50 to assist military veterans, and 50 for Native Americans.

A more detailed analysis of the Q1 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at https://downpaymentresource.com/professional-resource/weve-added-43-programs-in-q1-2025-and-55-providers-since-q1-2024/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2025/04/HPI-state-by-state-data.Q12025.pdf.

METHODOLOGY

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/43-new-assistance-programs-were-added-during-the-first-quarter-of-2025-expanding-support-for-more-homebuyers/

172 new homebuyer assistance programs and 75 new program providers emerged in 2024 to tackle homeownership affordability

Down Payment Resource's Q4 2024 HPI Report finds 2,466 homebuyer assistance programs available to support U.S. homeownership

ATLANTA, Ga., Jan. 21, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2024 Homeownership Program Index (HPI) report. The report saw the number of homebuyer assistance programs increase by 172 and the number of entities offering them increase by 75 year-over-year (YoY), bringing the total number of available programs to 2,466.

Image caption: Down Payment Resource’s Q4 2024 HPI Report.

“We are pleased to see state and local agencies adapting to the current and ongoing housing affordability crisis by adding new programs and expanding their criteria to allow for the purchase of multi-family and manufactured housing,” said Rob Chrane, founder and CEO of DPR. “We’re also seeing more flexibility in how funds can be used — a down payment, closing costs or buying down their interest rate. In a market with few homes for sale and escalating prices, down payment assistance has become vital for many buyers in helping them to become homeowners and start building wealth through equity.”

KEY HPI REPORT FINDINGS

An examination of the existing 2,466 homebuyer assistance programs on January 8, 2025, resulted in the following key findings:

The number of U.S. homebuyer assistance programs increased by 22 over the past quarter. This represents a 1% increase over the previous quarter, and a 7% YoY increase.
Grants accounted for the largest share of program gains YoY. The most substantial YoY gains were seen in grant programs (50), combined assistance programs (49), and below-market-rate (BMR)/resale-restricted programs (21).
Local housing finance agencies added the most programs in 2024. Local housing finance agencies introduced 72 programs in Q4 2024, a 60% YoY increase. Nonprofits added 50 programs, and municipalities added 46 programs during this period.
Rise in multi-family and manufactured housing programs continues: Programs supporting multi-family purchases increased by 17% YoY, rising from 686 in Q4 2023 to 805 in Q4 2024. Similarly, programs for manufactured housing grew by 14% YoY, from 804 in Q4 2023 to 914 in Q4 2024.
2024 concluded with 196 programs offering incentives for special groups. 68 programs offer special funding for educators, 54 programs for protectors, 49 programs for military Veterans, 47 programs for firefighters, 44 programs for healthcare workers, and 47 for Native Americans.

A more detailed analysis of the Q4 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at https://downpaymentresource.com/professional-resource/2025-kicks-off-with-record-number-of-homebuyer-assistance-programs/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2025/01/HPI-state-by-state-data.Q42024-1.pdf.

METHODOLOGY

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/172-new-homebuyer-assistance-programs-and-75-new-program-providers-emerged-in-2024-to-tackle-homeownership-affordability/

Down Payment Resource finds 2,444 down payment assistance programs nationwide in its Q3 2024 data analysis

DPR's Q3 2024 HPI Report finds 29 homebuyer assistance programs were added this quarter

ATLANTA, Ga., Oct. 21, 2024 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q3 2024 Homeownership Program Index (HPI) report. The Q3 report saw the number of national homebuyer assistance programs increase by 29 to 2,444.

Image caption: Q3 2024 Homeownership Program Index.

Notably, the report showed a 5% increase in programs for first-generation buyers. First-generation homebuyers have been singled out by the Harris Presidential campaign, which along with building 3 million affordable housing units for rent and ownership, proposes to provide $25,000 down-payment assistance to first-time homebuyers who have paid rent on time for two years, with more generous support for qualifying first-generation homeowners.

“We are pleased to see a growing number of these programs, and think they are becoming a targeted way to help first-time and first-generation homebuyers struggling to save for a down payment get into a home they can afford,” said Rob Chrane, founder and CEO of DPR. “Our data show the average DPA benefit is roughly $17,000. That can be a nice jump-start for saving for a down payment and other costs of homeownership.”

KEY HPI REPORT FINDINGS

An examination of the existing 2,444 homebuyer assistance programs on October 1, 2024, resulted in the following key findings:

The number of U.S. homebuyer assistance programs increased by 29 over the past quarter. This represents a 1.2% increase over the previous quarter.
There was an 8% increase in below market rate/resale programs and 7% increase in grant-funded programs, and 6% increase in other homebuyer assistance from Q2 2024. Below market rate or BMR homes are affordable homes sold at a lower price than the market average and are intended for low- to moderate-income buyers. When a BMR homeowner wants to sell, they must sell the home to an income-eligible buyer.
949 municipalities offered DPA programs. Municipalities represented the majority of funding sources in Q3 2024 at 39%, which is virtually unchanged from last quarter. Nonprofits were the second highest funding source, 21% in Q3 2024, followed by state HFAs at 19%. A few of these programs have seen increases from federal program resources, including the American Rescue Plan Act (ARPA) and US Department of Health and Human Services (HHS).
777 programs supported multifamily purchases, up 7% from the previous quarter. Of those, 526 allowed for 3-unit properties, up 7% from Q2 2024, while 501 allowed for four-unit properties, up 8% from Q2 2024.
195 programs offer incentives for special groups. 35% offer special funding for educators, 29% for protectors, 26% for firefighters, 24% for healthcare workers, and 24% for Native Americans, and 22% for military homebuyers.

A more detailed analysis of the Q3 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/the-down-payment-resource-q3-2024-homeownership-program-index-report/.

For a complete list of homebuyer assistance programs by state, visit (PDF): https://downpaymentresource.com/wp-content/uploads/2024/10/HPI-state-by-state-data.Q32024.pdf.

Methodology

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-finds-2444-down-payment-assistance-programs-nationwide-in-its-q3-2024-data-analysis/

Federal funds fuel quarterly growth in U.S. down payment assistance programs, which now number 2,415

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2024 Homeownership Program Index (HPI) report. The Q2 report saw the national homebuyer assistance programs increase by 42 to 2,415 - the highest count on record. Much of this quarter's increase in program count was due to local agencies pulling more heavily from federal funding to support homebuyer assistance.

"It's very encouraging to see more state HFAs allocating American Rescue Plan Act (ARPA) and US Department of Health and Human Services (HHS) funds to support homeownership. We think this indicates that local municipalities are increasingly viewing affordable homeownership as a stabilizing force that fosters prosperity within communities," said Rob Chrane, founder and CEO of DPR. "We are also particularly encouraged by the rise in programs targeting first-generation homebuyers to ensure more Americans can achieve the dream of homeownership."

Key HPI Report Findings

An examination of the existing 2,415 homebuyer assistance programs on July 1, 2024, resulted in the following key findings:

* The number of U.S. homebuyer assistance programs increased by 42 quarterly. This represents a 2% increase over the previous quarter and 213 more programs than in Q2 2023.

* 29 more program providers supported homebuyer assistance in Q2 2024 than the previous quarter.

* Federally-funded programs are on the rise.

o 24 programs are now funded by the ARPA, a 26% increase from the previous quarter and a 200% increase year-over-year (YoY). The ARPA authorized $350 billion in 2021 to help state, local, and tribal governments respond to and recover from the COVID-19 pandemic. APRA-funded homebuyer assistance programs are on the rise because governments must return funds to the Treasury Department if they are not allocated by December 31, 2024, and spent by December 31, 2026.

o The number of programs funded by HHS increased by 19% quarterly and 121% annually to 31 programs. Many studies have shown that stable housing positively impacts the health of individuals and families. This understanding is likely why HHS is increasingly supporting affordable housing.

* 21 programs target first-generation buyers, a 133% increase from 9 in Q1 2024. First-generation homebuyers are less likely to receive financial assistance from their parents for a downpayment and other upfront home-buying costs. "This is a recent trend we are seeing in the past year or so that started with a few pilot programs and is now being replicated by agencies throughout the country," said Chrane.

* 970 programs allow for repeat buyers, while 1,445 are restricted to first-time buyers. "While the majority of programs are for first-time buyers, we've seen a steady uptick in the number of programs that allow for repeat buyers," said Chrane, noting that the YoY change is 11%.

A more detailed analysis of the Q2 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/the-down-payment-resource-q2-2024-homeownership-program-index-report.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2024/07/HPI-state-by-state-data.Q22024.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2024 Homeownership Program Index (HPI) report. The Q2 report saw the national homebuyer assistance programs increase by 42 to 2,415 - the highest count on record. Much of this quarter's increase in program count was due to local agencies pulling more heavily from federal funding to support homebuyer assistance.

Related link: https://www.downpaymentresource.com/

Down Payment Resource reports highest annual down payment assistance program count growth on record

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2024 Homeownership Program Index (HPI) report. In a quarter where year-over-year (YoY) home prices jumped 6%, the YoY national down payment assistance count increased by 204, the largest annual jump since DPR began reporting on this data in Q3 2020. There are now 2,373 homebuyer assistance programs available nationwide, with at least one program in every U.S. county and 10 or more programs available in 2,000 counties.

"A lot of down payment assistance (DPA) goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. In reality, most DPA program providers calibrate eligibility requirements to area median income and local median housing prices, enabling them to support homeownership in both low and very high cost of living markets," said Rob Chrane, founder and CEO of DPR.

Key HPI Report Findings

An examination of the existing 2,373 homebuyer assistance programs on April 3, 2024, resulted in the following key findings:

* The national homebuyer assistance program count saw a quarterly increase of 79. This represents a 3% increase in program count over the previous quarter.

* Below Market Rate (BMR)/resale programs are up 7% quarterly and 108% annually and now total 77. Local jurisdictions set sale prices on BMR/resale eligible homes and may offer additional financial assistance to make them more accessible and affordable to low- and moderate-income individuals and families.

* 497 DPA programs are available through nonprofits, up 15% from the previous quarter. 450 programs are offered through state Housing Finance Agencies, unchanged from the previous quarter.

* 947 programs are available through municipalities, up 5% from the previous quarter. There has been steady growth in programs from municipalities, especially states with high home prices like California, where many homebuyers struggle with affordability.

A more detailed analysis of the Q1 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/the-down-payment-resource-q1-2024-homeownership-program-index-report/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2024/04/HPI-state-by-state-data.Q12024.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE(r) database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,300 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders and MLSs, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2024 Homeownership Program Index (HPI) report. In a quarter where year-over-year (YoY) home prices jumped 6%, the YoY national down payment assistance count increased by 204, the largest annual jump since DPR began reporting on this data in Q3 2020.

Related link: https://www.downpaymentresource.com/

Down Payment Resource reports 135 homebuyer assistance programs were introduced in 2023 to combat the least affordable housing market in decades

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.

"As the housing market grappled with historic affordability challenges in 2023, our HPI report reveals a critical response: the introduction of 135 innovative homebuyer assistance programs - a six-percent increase over the previous year. This surge in programs, which now totals 2,294 nationwide, represents a concerted effort by housing agencies to expand opportunities and break down barriers to homeownership," said Rob Chrane, Founder and CEO of DPR. "With a significant increase in programs for manufactured homes, multi-family properties, and specific buyer demographics like service members and Native Americans, this year's report underscores a growing commitment to diversify housing solutions and empower a broader spectrum of aspiring homeowners."

Key HPI Report Findings

An examination of the existing 2,294 homebuyer assistance programs on January 8, 2024, resulted in the following key findings:

* 804 programs allow for the purchase of a manufactured home, up 20% from the previous year. Housing agencies are expanding program eligibility to include more property types. Manufactured housing has a lower entry point than other types of homes and is helping many buyers get their foot in the door. DPR expects to see the number of programs that allow for manufactured housing continue to grow.

* 686 programs allow for the purchase of a multi-family property, up 8% from the previous year. Using DPA to purchase a multi-family property has become increasingly popular. This allows people to become homebuyers as well as investors - a strategy that has been called "house hacking" in recent years. In addition to completing a homebuyer education class, borrowers purchasing a multi-family home with homebuyer assistance typically have to go through classes on being a landlord to ensure long-term sustainability.

* 448 programs are funded by state Housing Finance Agencies (HFAs), up 2% from the previous year. Programs from state HFAs account for 20% of all programs.

- 86 programs are offered through Florida's State Housing Initiatives Partnership (SHIP), up 12 programs from Q4 2022. Florida Housing's SHIP program funds are distributed on an entitlement basis to all 67 counties and 55 Community Development Block Grant entitlement cities in Florida. SHIP dollars may be used to fund emergency repairs, new construction, rehabilitation, down payment and closing cost assistance, impact fees, construction and gap financing, mortgage buy-downs, acquisition of property for affordable housing, matching dollars for federal housing grants and programs, and homeownership counseling.

* 922 programs are available through municipalities, up 5% from the previous year. There has been steady growth in programs from municipalities, especially states with high home prices like California, where many homebuyers struggle with affordability.

* 475 DPA programs are available through nonprofits, up 15% from the previous year.

* 194 programs are "incentive" programs, meaning they target a segment of homebuyers by profession or ethnicity. In Q4 2023, there was a 47% increase in programs YoY for service members and Veterans and a 13% increase in programs targeting Native American homebuyers.

A more detailed analysis of the Q4 2023 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at: https://downpaymentresource.com/professional-resource/the-down-payment-resource-q4-2023-homeownership-program-index-report/.

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2024/01/HPI-state-by-state-data.Q42023.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE(r) database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.

Related link: https://www.downpaymentresource.com/

Down Payment Resource Issues Q2 2023 Homeownership Program Index Report

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, issued its Q2 2023 Homeownership Program Index (HPI). The firm's analysis revealed a second consecutive quarterly uptick of 0.5% in the number of homebuyer assistance programs available to help people finance homes, raising the number of programs to 2,373.

Key Findings

An examination of the 2,373 homebuyer assistance programs that were active as of July 3, 2023, resulted in the following key findings:

* Growth in programs that expand inventory options. In response to the dearth of affordable inventory, agencies continue to introduce programs that expand housing options for low-to-moderate income (LMI) home buyers. Last quarter, 24 more programs introduced support for manufactured housing, an increase of 3.4%. Additionally, three programs that support multi-family purchases were introduced, bringing the number of programs that support two- to four-unit residential properties to 650.

* Growth in the number of agencies administering programs. As affordability continues to challenge LMI home buyers, 45 more agencies have stepped up to administer homebuyer assistance programs, a 3.9% increase over the previous quarter. Now 1,323 agencies provide assistance to aspiring homeowners across the country.

* Municipalities administer the lion's share of homebuyer assistance programs. Municipalities support 42.2% of homebuyer assistance programs, roughly double the 21.8% of programs supported by state housing finance authorities (HFAs) and 21.0% of programs supported by nonprofits - the second and third largest source of homebuyer assistance, respectively.

"Marked growth in the number of agencies administering homebuyer assistance programs reflects how affordability challenges are driving demand for affordable pathways to homeownership," said DPR Founder and CEO Rob Chrane. "These emerging community champions play a vital role in making home homeownership more accessible to LMI households and marginalized demographics who have lower rates of homeownership."

"At the same time, agencies are responding to near historic low new listing figures by opening program support of manufactured and multifamily housing," continued Chrane. "This effectively expands inventory options for homebuyers that rely on these programs."

A more detailed analysis of the Q2 2023 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR's website at: https://downpaymentresource.com/professional-resource/a-guide-to-q2-2023-homebuyer-assistance-program-trends/.

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2023/07/HPI-state-by-state-data.Q22023.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE(r) database.

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. With toolsets tailored for real estate agents, multiple listing services and mortgage lenders, DPR's technology empowers housing professionals to make affordable home financing opportunities more accessible while growing business and forging referral partnerships. The only organization to track the details of every U.S. homebuyer assistance program, DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises, think tanks and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 500,000 real estate agents.

For more information, visit: https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, issued its Q2 2023 Homeownership Program Index (HPI). The firm's analysis revealed a second consecutive quarterly uptick of 0.5% in the number of homebuyer assistance programs available to help people finance homes, raising the number of programs to 2,373.

Related link: https://www.downpaymentresource.com/

Down Payment Resource Issues Q1 2023 Homeownership Program Index Report

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, issued its Q1 2023 Homeownership Program Index (HPI). The firm's analysis revealed a 0.5% uptick in the number of homebuyer assistance programs available to help people finance homes, raising the number of programs to 2,362.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,200 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE(r) database.

Key Findings

The Q1 2023 HPI examined a total of 2,362 homebuyer assistance programs that were active as of April 7, 2023. Key findings are as follows:

* The majority of down payment assistance (DPA) programs are forgivable. 57.8% of DPA programs - which take the form of grants, community second mortgages or a combination of the two - are forgivable, meaning that they never have to be repaid as long as program conditions are met. Of all types of homebuyer assistance, 43.4% percent of programs are forgivable. The share of both categories of forgivable programs increased fractionally over last quarter.

* Incentivized programs are on the rise. There was a 3% increase in incentivized programs - which are geared toward public servants such as teachers and protectors, Native Americans, people with disabilities and veterans, among others - over the previous quarter. Programs with incentives now make up 17.5% of all available programs.

* Support for multifamily properties increased. Programs that support multifamily homeownership saw a 2.2% increase over the previous quarter. These programs now make up 29.8% of all homebuyer assistance offerings.

* There was an uptick in programs without a first-time homebuyer requirement. DPA programs without a first-time homebuyer requirement grew by 2% in Q1 2023. 39.7% of all assistance offerings do not feature a first-time homebuyer requirement.

"The increase in down payment assistance for several consecutive quarters represents growing opportunities for homebuyers that have been traditionally underserved," said DPR Founder and CEO Rob Chrane. "DPR will continue to raise awareness about the myriad assistance programs available and enhance our solutions that enable housing professionals to help more people achieve their homeownership goals."

A more detailed analysis of the Q1 2023 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/q1-2023-homebuyer-assistance-program-trends/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2023/04/HPI-state-by-state-data.Q12023.pdf.

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. With toolsets tailored for real estate agents, multiple listing services and mortgage lenders, DPR's technology empowers housing professionals to make affordable home financing opportunities more accessible while growing business and forging referral partnerships. The only organization to track the details of every U.S. homebuyer assistance program, DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises, think tanks and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 500,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Twitter: @DwnPmtResource #downpaymentassistance #HPIreport #affordabilitycrisis #housingaffordability #mortgage #housingequity

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, issued its Q1 2023 Homeownership Program Index (HPI). The firm's analysis revealed a 0.5% uptick in the number of homebuyer assistance programs available to help people finance homes, raising the number of programs to 2,362.

Related link: https://www.downpaymentresource.com/