The University District Homeownership Incentive Program is a down payment assistance program for The Ohio State University faculty and staff that consists of a zero interest forgivable loan in the amount equal to 6% of the home's appraised value capped at $15,000. That amount will be applied toward the down payment, closing costs and/or reduction in principal amount on a home purchased in the University District Homeownership Incentive Area.
eligibility For applicant
Be an employee of the Ohio State University. All faculty and staff who are employees of Ohio State (must be regularly receiving paychecks from Ohio State) with regular appointments of 50% FTE or greater.
The home must serve as the recipient's principal residence and can include:
2 to 4 family
New construction of the above
The home you are purchasing must be located within the incentive area.
Please contact Kyra May at Campus Partners if you are interested in applying for the program.
The Ohio State University Extension Franklin County office offers HUD certified and City of Columbus approved Home Buyer Education workshops for prospective home buyers, including individual counseling. Participants will learn how to obtain, maintain and retain a home. Income eligible participants, who want to purchase a home in Columbus, Ohio, may be eligible to apply for down payment and closing cost assistance (up to $5,000.00) through the City of Columbus. For more information visit www.universitydistrict.org or 614-247-1983.