Pontiac Launches First-time Home Buyer Down Payment Assistance Program

Pontiac is launching a down cost help program for first-time homebuyers

(Metropolis of Pontiac, December 8, 2025)

Pontiac, MI – The Metropolis of Pontiac not too long ago unveiled its Down Cost Help Program.

This initiative was made potential by a partnership with Nationwide Religion Homebuyers (NFH), geared toward growing homeownership alternatives for first-time homebuyers and inspiring asset constructing and reinvestment in Pontiac’s neighborhoods.

The Down Cost Help Program is important for neighborhood stabilization and group funding, whereas in search of to decrease the barrier for first-time homebuyers by offering help for down funds and shutting prices as much as $20,000.

“We’re thrilled to help Pontiac residents and newcomers who’re desperate to embark on a brand new journey in our metropolis, permitting them to expertise the enjoyment and monetary advantages of homeownership,” mentioned Mayor Tim Greimel. “That is the primary program of its sort in Pontiac in a few years, and it goals to make house possession extra reasonably priced and develop the variety of owners inside our group.”

Renters seeking to buy their at present rented properties, together with people seeking to transfer to Pontiac, are additionally inspired to use.

This system marks the celebration of Pontiac’s resurgence as an entitled group by the Division of Housing and City Improvement (HUD). The Metropolis has allotted $437,475 from the Neighborhood Improvement Block Grant (CDBG) to help this program.

The Down Cost Help Program is offered to candidates who earn lower than 80% of the realm median earnings, adjusted for household measurement, as outlined by HUD, so long as funds can be found.

Program necessities additionally embody:

•The long run house have to be in Pontiac.

• Candidates have to be first-time consumers on the housing market or haven’t bought a house prior to now three years. As well as, the longer term house should function the applicant’s principal residence.

• Upon completion of a homebuyer schooling session by Nationwide Religion House Consumers, the applicant should submit a certificates as a part of their utility bundle.

• Candidates are requested to work with NFH to assist meet all HUD and program necessities.

This initiative is being launched in partnership with Nationwide Religion House Consumers, a nonprofit group with intensive expertise in homeownership counseling and program administration. NFH will even present candidates with skilled steerage all through the house buying journey, overlaying every little thing from schooling and budgeting to making sure a profitable buy and sustainable house possession.

“Nationwide Religion House Consumers is happy to announce our partnership with the Metropolis of Pontiac,” mentioned Dina Harris, Founder and CEO of Nationwide Religion House Consumers. “By means of this program, we goal to supply households with crucial monetary help and steerage, and assist take away obstacles which have traditionally stood in the way in which of buying a primary house. The potential to assist households flip their goals into actuality continues to be a driving drive for our crew. Collectively, we will empower extra households to realize a secure, safe and rewarding future by homeownership.”

The Metropolis is dedicated to administering this thriving program that improves affordability.

“Each day we see the challenges our residents face find reasonably priced housing and constructing stability,” Pontiac HUD Administrator Redmond mentioned Tuesday. “This program demonstrates our shared dedication – ​​between town, HUD and our residents – to make homeownership attainable and sustainable for many who have labored laborious for it.” events seeking to transition into a brand new house in Pontiac can simply schedule a Zoom appointment with Nationwide Religion House Consumers by calling (313) 255-9500.

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