Community Housing Initiative (CHI) – City of Melbourne Purchase Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:



Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


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?

It is a Deferred Payment Loan (DPL) at zero percent (0%) interest and is forgiven in accordance with the following schedule: Level of Assistance Lien Period Forgiven annually at: Under $15,000 5 years at 20% per year; $15,000 – $17,600 10 years at 10% per year.


Melbourne Property must be in the City of Melbourne, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 80% AMI guidelines Program serves 50% AMI and 80% AMI income categories. (Our program model will reflect the highest income limit eligible)

Maximum Assistance

$12,570 Assistance Amount varies based on income category of applicants: Up to $7,570 in assistance and an additional $5,000 for repairs for 50% AMI; Up to $4,570 in assistance and an additional $5,000 for repairs for 80% AMI. (Our program model reflects the highest amount available)

Education Requirements Info:

Must attend a Homebuyer Education workshop. Contact C.H.I. for next class, (321) 253053.

Eligible Property Types:

Single Family Detached Condo Co-Op Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $48,150$55,000$61,900$68,750$74,250$79,750$85,250$90,750 *Income limits as of 06/08/2023

Qualifying Ratios:

Housing Ratio: Up To 34% Total DTI: Up To 42% Proposed monthly mortgage payment cannot exceed buyer’s affordability ratios (front-end 34% / back-end 42%).
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