Resources for Homeowners & Renters

DOWN PAYMENT ASSISTANCE PROGRAMS

The City of Charlotte has different  assistance programs to help address the housing needs of our growing community. Browse below for more information on these beneficial programs.

Charlotte Mortgage Relief Assistance Program

The City of Charlotte is partnering with DreamKey Partners (formerly Charlotte-Mecklenburg Housing Partnership) to provide mortgage relief assistance for homeowners who need help with mortgage payments as a result of COVID-19.

Program Features

Assistance will be prioritized for homeowners with an active HouseCharlotte Downpayment Assistance loan, and who have experienced a loss or reduction of income due to COVID-19. The program provides up to 3 months of mortgage payments (principal, interest, taxes and insurance), as a grant to qualified applicants. Approved applicants must attend foreclosure prevention counseling with DreamKey Partners (formerly Charlotte-Mecklenburg Housing Partnership).

Eligibility

• Households with an active HouseCharlotte loan.

• Households with an income of up to 80% AMI prior to loss or reduction due to COVID-19 (chart below).

• Homeowners must be current on mortgage prior to loss of income due to COVID-19.

Household Size / Income Limit (current as of June 15, 2022)

How to apply:

Mortgage Relief Assistance Program applicants should complete the pre-application

Applicants will be notified via email within one week of submitting an application.

Upon request selected applicants will be required to provide the following documents:

1. Income verification (last two paystubs)

2. Verification of Job Loss or Income Loss

3. Verification of Mortgage Payment (Mortgage Payment Statement)

For more information, please contact DreamKey Partners (formerly Charlotte-Mecklenburg Housing Partnership) at 704.343.4692.

This program is being managed by DreamKey Partners (formerly Charlotte-Mecklenburg Housing Partnership) in compliance with all federal, state, and local fair housing laws. DreamKey Partners will not discriminate against any person because of race, color, religion, national origin, sex, familial status, disability, or any other specific classes protected by applicable laws. DreamKey Partners will allow any reasonable accommodation or reasonable modification based upon a disability-related need.

HouseCharlotte Program

Program Features:

Effective July 1, 2022

The HouseCharlotte program provides 15-year or 30 year deferred loans to qualified applicants. Funds can be used for downpayment, closing cost or interest rate buy down. 

• Funding up to $10,000 for families with income above 80% Area Median Income (AMI), up to 110% AMI in certain locations.

• Funding up to $30,000 for families with income at or below 80% AMI purchasing within Charlotte City limits.

Eligibility:

Effective July 1, 2022

• Families with incomes that are 110% or less of the HUD AMI are eligible for assistance.

• Participants must complete a pre-purchase homebuyer education program.

• The home must be a family's primary residence and be located in one of designated within the City of Charlotte limits.

• Maximum purchase price of home is $300,000. 

• Maximum purchase price is $315,000 for new construction properties.

For more information, visit HouseCharlotteProgram.com, call 704.705.3999 or email HouseCharlotte@dkp.org.

Contacts

This effort aligns with The Community Letter - Charlotte City Council's adopted actions in response to the community. Visit: charlottenc.gov/communityletter.