Back to Grants
AR
Jonesboro CDBG Homeownership Assistance
Jonesboro provides CDBG homeownership grants up to $3,500 for eligible first-time homebuyers purchasing homes within city limits.
About this program
The City of Jonesboro CDBG Homeownership Assistance Program helps very low- to moderate-income residents purchase homes within city limits for owner occupancy. The program provides grant assistance toward down payment and closing costs for eligible first-time homebuyers after mortgage lender review, with affordability and occupancy commitments required during the lien period.
Eligibility
Eligible first-time homebuyers whose household income does not exceed HUD income limits and who are purchasing a detached single-family home within Jonesboro city limits may apply.
Requirements
- Buyer must be a first-time homebuyer.
- Annual household income must not exceed HUD income limits.
- Property must be located within Jonesboro city limits and be a new or existing detached single-family dwelling.