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Full Resource Name:
Memphis Div of Housing and Community Development - Downpayment Assistance
Address
170 N Main Street 4th floors
Memphis, TN 38103
(901) 636-7474
AKA:
home901; TTS;CJC Housing; HCD
Description:
Provides financial assistance to low- and very low-income first-time homebuyers. Funds may be used for closing costs and down payments to help with the purchase of homes in the city of Memphis and cannot exceed $25,000 or 10% of sales price. Offers a variety of programs that help homebuyers who meet the program eligibility requirements, which may include income limits, employment, location of the home and being a first-time homebuyer; all properties must be located within the city limits of Memphis and must be assessed Memphis city taxes. Maximum purchase price of house may not exceed $300,000.00
Hours:
Mon - Fri 8:00 am - 4:30 pm
Intake Process:
Call for details.
Program Fees:
No Fee
Eligibility:
Applicants must meet low- and very low-income limits as defined by HUD, plus be a first-time buyer and able to obtain mortgage from participating bank or mortgage company. Must purchase a home within the city of Memphis to qualify. Applicants' minimum cash investment of $500.00 to $1,000.00 is determined by the purchase price of the home. MHA residents are required to make minimum investment of $100.00 toward purchase.
Handicap Accessible?
Yes
Is Shelter?
No
Date of Official Change:
May 23, 2024
Address Listings
Physical (Primary)
170 N Main Street 4th floors
Memphis, TN 38103
Contacts
Jennifer Hart
Downpayment Assistance Staff
Gloria Washington
Loan Assistant
(901) 636-7441
Phone Numbers
Main
(901) 636-7474
Alternate
(901) 636-7473
Legal Status:
City/County (Parish)
Services
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Geography Served
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