The American Dream Downpayment Initiative (ADDI) program aims to increase the homeownership rate, especially among lower-income households, and to revitalize and stabilize communities. The program was created to assist low-income first-time homebuyers in purchasing single-family homes by providing funds for the down payment. To be eligible for ADDI assistance, individuals must be first-time homebuyers interested in purchasing a home within the city of Cincinnati limits. ADDI funds may be used to purchase a single-family home, condominium unit, cooperative unit, or manufactured housing. Additionally, households that qualify for ADDI assistance must have incomes that do not exceed 80% of the area median income. ADDI funds may be used for the down payment in the amount of $10,000, $12,000, or $14,000 (determined by the applicant’s household AMI) toward a home. After a thorough review of the application, the city will determine the amount of assistance the household is eligible to receive. ADDI funds are awarded as a five-year non-interest-bearing deferred loan payment with a five-year residency requirement. All or a portion of the funds will be recaptured in the event a homeowner moves from the residence, sells, or transfers ownership during the five-year residency period.

The city is currently accepting ADDI applications. Please contact the Department of Community and Economic Development office at 513-352-6146 for additional information.