City Center Residency Initiative

It pays to live in City Center! Making City Center your home means being part of a diverse, creative and welcoming community. You’ll be in walking distance to several unique restaurants, and you’ll find arts, culture, and educational opportunities only steps from your door. You may even have the most ideal commute to work or class! The City Center Residency Initiative is aimed to entice you to live and invest in a City Center home.

Down Payment/Rehab Incentive Program Guidelines:

  • $10,000 can be used toward down payment or select home rehabilitation
  • Secured by a mortgage
  • 0% interest, no payments
  • Loan is forgiven if home is maintained as primary residence for 5 years
  • Loan is re-captured if homeowner sells or transfers home before 5 years
  • Incentive can be split between down payment and rehab
  • Rehab work must be completed in conjunction with purchase
  • One incentive offered per dwelling unit

Eligible Rehab Work:

  • Window replacement
  • Electrical upgrades
  • Exterior paint or siding
  • Roof replacement/repairs
  • HVAC updates/replacement
  • Bathroom additions
  • Room additions
  • Kitchen upgrades
  • Work must be completed by licensed contractor
  • Compliance with local, state and federal Codes and regulations
To see full program guidelines and to apply for the City Center Residency Initiative Down Payment/Rehab Program, click here.

Eligible Applicants for City Center Residency Initiative Programs:

  • Recent college graduate (within last year)
  • Active duty military or honorably discharged within last year
  • Full-time USMH staff
  • USMH students enrolled in a degree program
  • Full-time HCC students enrolled in a degree-seeking program (minimum 12 credit hrs/semester)*
  • Part-time HCC students (minimum 6 credit hrs/semester) enrolled in a degree-seeking program who currently maintain full-time employment*
  • Full-time local, county, state or federal government employees
  • Degree-holding professionals with full-time employment
  • Households with income exceeding 80% of area median
See if a property falls within the program area with this map.
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