Community Homebuyer Assistance Program
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Community Homebuyer Assistance Program
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About this listen
Northern Arizona Association of REALTORS® President Michelle Linton sits down with Housing Solutions of Northern Arizona CEO Devonna McLaughlin to talk about the newest version of the Community Homebuyer Assistance Program (CHAP), launched August 2025, funded by a $7 million housing bond. This program offers up to $50,000 in down payment and closing cost assistance for first-time Flagstaff buyers through a no-payment, repayable loan.
Program Highlights:
• Up to $50,000 in CHAP loan funds
• 10:1 match - $5,000 from the buyer can unlock up to $50,000 in assistance (based on need)
• Must purchase within Flagstaff city limits • Household income ≤ 150% of AMI
• Loan must be repaid if home is sold, rented, or refinanced for cash-out
Eligibility:
• Live or work in Flagstaff for at least 1 year
• First-time homebuyer (no ownership in the last 3 years)
• Must occupy the home as a primary residence
Next Steps:
• REALTORS®: Encourage clients to contact Housing Solutions for prepurchase counseling & screening
• Buyers: Complete the Pre-Purchase Application at housingnaz.org/prepurchase
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