Housing Connect GSO’s homebuyer down payment and closing cost assistance program (DPA) is a source of financial assistance for first-time homebuyers purchasing homes within Greensboro city limits.

DPA provides up to $10,000 in down payment assistance and closing costs as a five-year, forgivable loan at zero percent interest. If you remain in the home for five years, you do not have to repay the loan; the loan is forgiven at 20 percent per year for each full year you live in the home.

If you purchase a home in one of the City’s redevelopment areas, an additional $5,000 is available for down payment assistance and the first-time homebuyer requirement is waived. Loan repayment rules are the same as above. The maximum DPA cannot exceed 20 percent of the purchase price.

Eligibility Requirements
Qualifying Homes
Maximum Income Limits
Qualifying Areas