New Homeownership Pilot Program in Corridors of Opportunity Provides Up to $80,000 in Assistance A new homeownership pilot program from the City of Charlotte will provide up to $80,000 in assistance for eligible residents purchasing a home in "areas of influence" within the Corridors of Opportunity. House Charlotte Plus offers an additional layer of financial assistance to the existing House Charlotte homeownership program . Through this new pilot program, an eligible resident can receive an additional $50,000 as a 0% interest deferred loan. House Charlotte Plus must be used in conjunction with House Charlotte, which currently offers up to $30,000. Together, an eligible homebuyer could receive up to $80,000 in assistance through these two programs. As part of the $60 million in current and planned investments renewing the city’s commitment in the Corridors of Opportunity , House Charlotte Plus is only available in designated areas inside the Corridors of Opportunity known as areas of influence . To be eligible for House Charlotte Plus, a homebuyer’s income must be 80% of the area median income (AMI) or less. The maximum purchase price is $300,000 for existing homes, and $315,000 for new construction. The entire loan balance must be repaid if […]