The City of Charlotte, in partnership with Federal Home Loan Bank of Atlanta and the Charlotte-Mecklenburg Housing Partnership, will soon provide $30,000 down payment assistance grants for first responders and public school teachers who buy a home in Mecklenburg County.

The Community Heroes Homeownership Program (CHHP) is a grant totaling $500,000 and will be available to law enforcement officers, fire fighters, teachers and other first responders, giving more public servants the opportunity to own a home within the community they serve.

Eligible buyers must have household incomes of 80.01% - 110% of area median income.

Investing in Local Communities

FHLBank Atlanta Senior Vice President and Director of Community Investment Services Arthur L. Fleming noted that the partnership will help build strong relationships among FHLBank Atlanta member financial institutions, local governments and local builders.

"Partnering with local entities is in keeping with the mission of Federal Home Loan Bank of Atlanta," Fleming said. "We are excited to work with the City of Charlotte and our participating member financial institutions to help some of our most deserving citizens achieve the dream of owning their own home."

The CHHP is one of several down payment assistance programs offered by the City of Charlotte and Charlotte-Mecklenburg Housing Partnership.

"Homeownership helps people build wealth, and, in turn, healthier, more stable neighborhoods," says Pamela Wideman, Director of the City of Charlotte's Housing & Neighborhood Services Department. "This program makes homeownership accessible to people who may not otherwise be able to afford it and enables our workforce to live in the places they serve. It's an important way to thank our community heroes for their work and service in our community."

Applications for the CHHP program will open Nov. 18, 2019.