The Department of Community Development coordinates the City of Cincinnati’s American Dream Downpayment Initiative (ADDI) Program. The ADDI Program is designed to assist first-time homebuyers who wish to purchase a home within the limits of the City of Cincinnati. Applicants may be awarded up to $8,500 in the form of a 5-year forgivable loan that can only be used for down payment and/or closing costs.
The buyer must:
- Be a first time homebuyer.
- Be at or below 80% of the median area income
- Complete homebuyers counseling through a HUD approved agency
- Provide valid documentation of all sources of income (employment and benefits)
The residence must:
- Be located within the City of Cincinnati limits
- Pass a local housing code inspection (conducted by the City Building Department)
- Be a single-family residence, multi-families are not eligible.
The City is currently accepting ADDI applications for 2008.
Program Guidelines Frequently Asked Questions
Application
Please contact the Department of Community Development at (513) 352-6146 for additional information.
