The American Dream Down Payment Initiative (ADDI)

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.

2023 ADDI Application Packet

*Note: While the application is a fillable document online, it must be printed, signed, and mailed through the U.S. Postal Service or brought in person to the DCED office located at 805 Central Avenue, Suite 700, Cincinnati, OH 45202