Page 8 - Augusta HCD - Housing for Sale

How We Help

New homebuyers may qualify for various forms of assistance to help with down
payment/closing costs, principal reduction and/or interest rate buy down.

Homeownership Assistance Program (HAP)
Through HAP, eligible first-time homebuyers can receive up to $5,000 toward down payment and closing costs. Annually,
more than 50 households achieve the dream of wealth building because of assistance provided by HAP.

Employee Incentive Program
Officer Next Door
Eligible employees of the City of Augusta and RSCO can receive up to $15,000 for the purchase of a new or existing home in
Richmond County.

Homebuyer Subsidy Program
Homeowners purchasing a unit constructed by our current HOME development partners can receive up to $25,000 in
subsidy for principal reduction and/or interest buy down.

Teacher in My Classroom
Eligible first time homebuyers who work as an educator with the Richmond County Board of Education can receive up to
$10,000 (up to $20,000 if purchasing in the Laney Walker/Bethlehem revitalization area) in assistance.

Laney Walker/Bethlehem Revitalization Project
HCD offers the following incentives up to $25,000 for homebuyers who purchase within the Laney Walker/Bethlehem
Community:
Gap Financing - the difference between the purchaser’s maximum first mortgage amount and the sales price of the
home
Down payment financing - the initial, upfront portion of the total loan amount due.
Closing cost assistance - not to exceed $10,000; typically, home buyers will pay between two and five percent of the
purchase price for their home in closing fees

*Each program listed includes certain eligibility requirements and are reviewed as applications are submitted pending
availability of funding.*