Homebuyer Assistance Program

Applications Accepted August 11-September 22, 2014
(Applicants will be selected by lottery)
September 26, 2014 - Lottery

For information click here

For lottery application click here

For income guidelines click here

For homebuyer deed restriction click here

For homebuyer disclosure statement click here

For information on where to find income calculator, homebuyer classes, mortgage products, please see links below:
http://mymassmortgage.org/

http://www.chapa.org/looking-for-housing/homebuyer-workshops

http://www.mhp.net/homeownership/homebuyer/one_mortgage.php



American Dream Downpayment Initiative (ADDI) (ADDI program is a separate program from the Homebuyer Lottery Grant Program. Buyers who are selected for the Homebuyer Lottery Grant will not be eligible for assistance through ADDI.)

The City of Newton administers the WestMetro Home Consortium’s American Dream Downpayment Initiative (ADDI) Program. The purpose of the ADDI program is to provide up to $5,000 in downpayment or closing cost assistance to eligible households in the purchase of existing housing units in the following cities and towns. The terms of assistance are set by each individual town:

     Bedford

     Framingham 

     Needham

     Watertown

     Belmont

     Lexington

     Newton

     Wayland 

     Brookline

     Lincoln

     Sudbury

     

     Concord

     Natick

     Waltham

     

Income Eligibility:

The ADDI Program serves households with gross incomes up to 80% of the area median income. Click here for the current income guidelines.

How to Apply:

The American Dream Downpayment Assistance Program Application, instructions, and guidelines are available online (see link below), by email request at housing@newtonma.gov, by phone request on the Affordable Housing Hotline (617) 796-1730, or in person at the:
Newton Housing Office
Housing and Community Development Planning Department
1000 Commonwealth Avenue
Newton, MA 02459

American Dream Downpayment Initiative Program Guidelines and Application