Ames/Story County
Homebuyers Assistance Program
This program will provide financial assistance to qualified low and moderate-income first-time homebuyers with gross annual income that are at or below 80% of the Story County median income limits to purchase existing and/or newly constructed single–family housing in residentially zone areas. The overall goal of the Homebuyer Assistance Program is to allow low and moderate-income households gain access to housing and/or improve their housing status.
Financing for this program is being provided by the City of Ames
Community Development Block Grant (CDBG) Program and the
Ames/Story County Partnership (ASCP) Affordable Housing Program.
This program is subject to availability of funds.
2008 Program Income Limits*
|
80% of Story
County Median |
|
|
Family Size(s) |
Gross Income
Cannot Exceed |
|
1 |
$39,050 |
|
2 |
$44,600 |
|
3 |
$50,200 |
|
4 |
$55,750 |
|
5 |
$60,200 |
|
6 |
$64,650 |
|
7 |
$69,150 |
|
8 |
$73,600 |
Click on the links below to download application documents:
Complete homebuyer intake application packet
Homebuyer Assistance Program Guidelines
For more information contact:
Vanessa Baker-Latimer
City of Ames
Department of Planning & Housing
515 Clark Avenue, Room 214
Ames, IA 50010
515-239-5400
E-mail at:
vbakerlatimer@city.ames.ia.us