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Home Buying Incentives

Looking to purchase in College Park? Check out:

  • City of College Park New Neighbor Homeownership Program
    • A grant assistance program to encourage the conversion of single-family rental properties to owner-occupied housing. Anyone purchasing a single-family home within the City of College Park that was previously rented for a minimum of two years OR anyone purchasing a single-family home or condominium unit that is in foreclosure or short sale status, is eligible for a $5,000 grant.
    • The program may also be used by Police, Fire, and City Employees on any home in the City of College Park regardless of the homes status.  This program may be coupled with the College Park City-University’s program – if eligible for both, the program below will provide $20,000 in downpayment/closing cost assistance. Click here for program guidelines and application.
  • College Park City-University Home Ownership Program
    • The College Park City-University Home Ownership Program offers $15,000 in down payment and closing cost assistance to full-time, benefits eligible University of Maryland and City of College Park employees who purchase a home in the City.  This Home Ownership Program can be coupled with the City’s (above) and is part of an effort to increase the number of  employees living in the City of College Park as outlined in the University District Vision 2020. Click here and here for more information.
  • Prince George’s County My HOME Program
    • The County will provide homeownership assistance loans to qualified applicants purchasing a home from the Redevelopment Authority. Applicants can qualify for a loan of up to 10% of the sales price. Click here for more information. 
  • Maryland Mortgage Program
    • A variety of homeownership programs, including assistance with a down payment and closing costs. Click here for more information.