City of Gainesville Community Reinvestment Area (GCRA) My Neighborhood Program

Special Alert

Program limited to homes in specific neighborhoods.

Maximum Purchase Price

Inquire for Details

Contact Info:

2153 SE Hawthorne Road, Suite 223, Gainesville, FL 32641


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Waiting Period: 10 years Affordability Period: 10 years Forgiven Portion: 100%

Accepted First Mortgage Type:

Freddie Mac, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HFA Preferred, Fannie Mae HomeReady, FHA 203(b), VA

Homeowners Education Class:


Is Forgivable?

This Program is a forgivable 10-year, 0% interest, due-on-sale mortgage loan from the City to the Recipient (“Program Mortgage”) to be separate from the primary mortgage. If the Program mortgage conditions are met, half of the Program mortgage will be forgiven after five years and the full Program mortgage will be forgiven after ten years.


Gainesville Property must be in an eligible neighborhood of Cedar Grove II, Duval, Fifth Avenue, North Lincoln Heights, Pleasant Street, Porters, Springhill or Sugarhill Map of Eligible Neighborhoods:

Income Limitations:

No There is no income limits posted for the program; however, awards will be competitive and although not required, Applicants who make below a moderate income will be given priority.

Maximum Assistance

$25,000 Successful applicants (“Recipients”) will receive assistance up to $25,000 to purchase a vacant developable lot or a residential home in their eligible neighborhood, with funding not to exceed the purchase price.

Education Requirements Info:

Recipients will need to complete a City-approved financial literacy and homeownership course.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

Based on 1st mortgage guidelines.

Qualifying Ratios:

Determined by first mortgage product or lender.