The Housing Services Division allocates SHIP funds to the Housing Partnership of Jacksonville to administer the Home Buyer's Club down payment assistance program.  The purpose of the program is to provide qualified borrowers with a source of down payment and closing costs assistance.

The maximum income limit for a family is 120 percent of the median gross annual income for Duval county, as published by the Federal government, and is subject to change annually.  Applicants must be established as credit worthy and contribute $500 to the mortgage transaction.

Eligible properties are single family, owner-occupied residences located in Duval county.  The maximum assistance amount is $14,999.  The maximum sale price of a house is $247,500.

Assistance is provided as a 0 percent interest rate loan for 15 years and shall become due if the homebuyer sells, transfers or disposes of the property by any means.

For more information on the Home Buyer's Club or other programs for prospective home buyers through the Housing Partnership, click here or call (904) 398-4424.