IRS Logo
Print - Click this link to Print this page

Down Payment Assistance Programs: Description of Programs Operated by Tax-Exempt Organizations

What is a down payment assistance program operated by a tax-exempt organization?

Traditionally, down payment assistance programs operated by tax-exempt organizations provided cash assistance to low income homebuyers who could not afford to make the minimum down payment or pay the closing costs involved in obtaining a mortgage.  Funds for these programs came from government agencies or from a charitable organization’s public funds.

Page Last Reviewed or Updated: 18-Apr-2014