Housing Connect GSO – Homebuyer Assistance Program | North Carolina grant

Housing Connect GSO – Homebuyer Assistance Program

Open

City of Greensboro – Housing & Neighborhood Development / Housing Connect GSONCFirst-Time Homeowner

Funding: Offers up to twenty five thousand dollars in assistance for households at or below eighty percent of area median income plus a five thousand dollar bonus in reinvestment or redevelopment areas, and up to twenty thousand dollars plus five thousand to ten thousand dollars in bonuses for moderate income public service heroes and #100Homes buyers, all as forgivable zero percent loans.City of Greensboro forgivable zero percent interest subordinate loans that provide tiered down payment and closing cost assistance for income eligible first time buyers, public service heroes, and #100Homes participants within city limits.RollingDeadline: Scope: Localstate

Updated: Dec 6, 2025

Summary

A multi-tiered down payment and closing cost assistance program in Greensboro offering up to $25,000–$30,000 in forgivable support for first-time homebuyers and public service professionals.

Benefits

down payment assistanceclosing cost assistance0% interestforgivable loanhero incentivetarget-area incentivecity program

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerpublic service workerGreensboro resident

Eligible Locations

First time homebuyers or buyers who have not owned in three years purchasing a primary residence within Greensboro city limits, with core assistance for households at or below eighty percent of area median income and additional hero and #100Homes tiers for buyers between eighty and one hundred twenty percent of area median income in eligible neighborhoods.

Eligibility

First-time homebuyers (or those who have not owned in 3 years) purchasing a primary residence within Greensboro city limits; must meet income limits (≤80% AMI for core offering or 80–120% AMI for hero/#100Homes options), buy within purchase price limits, and in some cases be current residents or public service workers; all borrowers must work with an approved lender and property in Greensboro.

Full Description

Housing Connect GSO’s Homebuyer Assistance Program provides three targeted options to lower the upfront costs of buying a home in Greensboro. For households at or below 80% AMI, the city offers up to $25,000 in assistance, with a $5,000 bonus for purchases in designated reinvestment or redevelopment areas. Two additional tiers—Public Service Heroes and #100Homes—serve buyers between 80% and 120% AMI, with assistance up to $20,000 plus bonuses up to $10,000 in focus neighborhoods. Assistance is delivered as a 0% interest, forgivable loan tied to owner-occupancy; eligible buyers must be first-time homebuyers (or three-year returnees), purchase within city limits, stay under purchase-price caps, and complete the process with an approved lender and required counseling, making the program a strong tool for expanding homeownership and stabilizing key Greensboro neighborhoods. (Greensboro NC)

Verification & Details

Status: Open

Source: greensboro-nc.gov

Official source → greensboro-nc.gov

Apply on official siteUpdated Dec 6, 2025

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