The City of Council Bluffs aims to enhance affordable single-family housing options within the community with its Down Payment Assistance Program. In partnership with local home builders, the City's Community Development Department administers the Down Payment Assistance Programs to help individuals and families purchase a home.
Recognizing the challenges first-time homebuyers face in today's competitive housing market, the City is taking proactive steps to establish programs that provide financial support to make homeownership more accessible to our residents.
To qualify for down payment assistance, applicants must have a minimum credit score of 640. This ensures that participants have demonstrated a responsible financial history, positioning them for successful homeownership. Applicants must have a household income below 80% of the Area Median Income (AMI) for their specific household size. A detailed income limit chart is available on the City's website at www.councilbluffs-ia.gov/2537.
The Community Development Department partners with local builders to offer a variety of homes in different neighborhoods throughout town. Currently, USA Builders has townhomes available at 1212 17th Avenue near Katelman Pool and the bike trails. Turn the Paige Homes and NeighborWorks Home Solutions will have townhomes available in spring 2024 on Page Lane in the Hillside Estates neighborhood.
"The Down Payment Assistance Program represents a significant step forward in expanding affordable housing options within Council Bluffs," said Director of Community Development, Courtney Harter. "By collaborating with local builders and implementing achievable eligibility criteria, we are paving the way for more residents to realize the dream of homeownership."
For detailed program information, eligibility guidelines, and Down Payment Assistance Program updates, please visit our official website at www.councilbluffs-ia.gov/2537. Residents inquiring about qualifications can contact Marianne Collins, Housing and Economic Development Planner, at (712) 890-5356 or email [email protected].