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Office of the Director   
111 N. Front Street, 8th Floor  
Columbus, OH 43215  
(614) 645.7795   
(614) 645.6675 [FAX]  

Code Enforcement Division   
111 N. Front Street, 3rd Floor   
Columbus, OH 43224-3218   
(614) 645.2202  
(614) 645.6675 [FAX]  

Economic Development
111 N. Front Street, 8th Floor 
Suite 220  
Columbus, OH 43215-4418  
(614) 645.8616  
(614) 645.6675 [FAX]  

Housing Division  
111 N. Front Street, 3rd Floor  
Columbus, OH 43215-9040  
(614) 645.7896  
(614) 645.6675 [FAX]  

Land Redevelopment Division  
845 Parsons Avenue    
Columbus, OH 43206-9030  
(614) 645.5263  
(614) 645-6675  [FAX] 

Planning Division   
111 N. Front Street, 3rd Floor   
Columbus, OH 43215-9030   
(614) 645.8664   
(614) 645.6675 [FAX]

 American Dream Downpayment Initiative (ADDI) Program

For additional information, please contact: 

Brandy Ashley: email is bmashley@columbus.gov and phone 645-7896

Kathleen Ames

Office: 614-645-8621
kmames@columbus.gov
111 N. Front Street, 3rd Floor
Columbus, OH 43215

The City of Columbus American Dream Downpayment Initiative (ADDI) Program operates jointly with participating lenders by providing funds to create homeownership opportunities in Columbus for low and moderate income, first-time homebuyers.  The property must be located in the City of Columbus, Columbus City School District. This program may be used in conjunction with the Housing Development Program (HDP). Outlined below are applicant and property criteria for participation in this program.

   

The ADDI program offers a deferred, forgivable loan to be used for downpayment and closing costs.  The buyer(s) must reside in the property for five years after closing or the funds must be repaid to the City from sale proceeds.  The property is unable to be sold, rented, or transferred during these five years and must remain as the sole residence of the buyer(s).  After the five years, the mortgage and restrictive covenant are released on the property and the loan is forgiven.

 

Eligibility

 

To be eligible, the applicant must be a first time* homebuyer, meet income guidelines, receive homebuyer education from a Housing Division HUD Certified Agency, and purchase a single family home or condominium in the City of Columbus, Columbus City School District. The funds for downpayment assistance are limited and will be available on a first come, first serve basis.

 

*A first-time homebuyer is defined as an individual and their spouse who have not owned a home during the three-year period (thirty-six months) prior to the purchase of a home with ADDI assistance. A minimum of six (6) months residency in the State of Ohio and a permanent resident of the United States are also required to be considered a first-time homebuyer.

 

Households whose income is at or below 80% of the Area Median Income (AMI) as defined by the U.S. Department of Housing and Urban Development (HUD), may qualify for up to six percent (6%) of the purchase price of the home, maximum loan of $5,000.

 

All buyers must contribute $500 of their own funds toward the purchase of the home. This $500 may not be gifted or come from any other source other than the buyer themselves.  Appraisal and Home inspection costs will be considered up to $250 ($250.00 from appraisal and $250.00 from inspection) based on approved criteria.  Buyer must fall within 35% House Debt/Income ratio and 45% Total debt/Income ratio based on City income and debt calculations in order to qualify.

 

 

Click here to download the 2020 Program Income Limits- Effective July 1st 2020

 

NOTE: Total yearly household income includes the income of all adults 18 years of age and older living in the home; Family size includes all persons living in the home.

               

APPLICATION PROCESS

 


The City of Columbus maintains a list of lenders that are certified to utilize the ADDI Program. In order for the application to be processed the lender must be on this list.

 

PLEASE CLICK BELOW FOR THE ADDI APPROVED LENDER LIST  

ADDI Lender List

Lenders not on the list are welcome to contact the Housing Division to become certified or by completing the attached Lender Participation Agreement. After completing, signing, and notarizing please submit the original ADDI Lender Participation Agreement to the Housing Division located at 111 N. Front St, 3rd Floor, Columbus, OH 43215 Attn:  Brandy Ashley


The City of Columbus recommends that the buyer first contact a lender to become qualified for a mortgage loan and then locates a home to purchase through a certified real estate agent. After the mortgage loan is approved, the lender should submit the completed ADDI package on the buyer's behalf. Approval generally takes four to six (4 to 6) weeks from receipt of the completed application package.

 

PLEASE CLICK ON THE LINK BELOW TO FOR THE ADDI LENDER TRAININGVIDEO WHICH CAN BE ACCESSED On YouTube.

 

https://youtu.be/EhjnyB34QRo​ 

 

ADDI HOMEBUYER EDUCATION POLICY – COVID-19 EXCEPTION

Effective April 20, 2020

Due to the circumstances surrounding COVID-19, the City is waiving the face-to-face Homebuyer Education Course requirement.  Until courses are once again being offered in-person, prospective homebuyers for the ADDI program can utilize online courses through one of the City’s HUD certified vendors listed below.

OSU Extension: http://go.osu.edu/BUYAHOME

Homes on the Hill:  https://www.ehomeamerica.org/hothcd

Homeport: https://www.eventbrite.com/o/homeport-homebuyer-education-12425649925



Click here for a list of Homebuyer Education Agencies
  

     

    The City of Columbus recommends that the buyer first contact a lender to become qualified for a mortgage loan and then locates a home to purchase through a certified real estate agent. After the mortgage loan is approved, the lender should submit the completed ADDI package on the buyer's behalf. Approval generally takes four to six (4 to 6) weeks from receipt of the completed application. Once the application package receives final approval, both the lender and homebuyer receive the approval letter and the ADDI funds are ordered at this time.  Please allow 8 -10 business days for receipt of funds.  Closing may occur as soon as three (3) business days after receipt of funds.  For conventional loans only, closing may occur as early as 48 hours after approval.  For FHA loans, the closing can take place approximately two (2) weeks after the commitment letter is sent to the homebuyer and the lender. 
      
    Homebuyers may be within the Modcon Living Tool Library boundaries (formerly Rebuilding Together Central Ohio).  The Modcon Living Tool Library Program is designed to encourage low-cost home maintenance and improvements by lending tools and equipment free of charge to residents in designated service areas. This program provides over 200 different types of hand and power tools for home repair, maintenance, landscaping, and painting. To see if you are eligible, please contact Modcon Living at 614-258-6392 or visit their website

       

    HOUSING CONTACT INFO Housing Division

     

    Office : 614-645-7896 
    INTAKE LINE
    Office : 614-645-8526  
    Email:  Home_Safe_And_Sound   

    Franklin County Auditor  
    Franklin County Recorder's Office  
    U.S. Department of Housing and Urban Development   
    OHFA  
    Homeport Downpayment Assistance

    Housing Contact Info Housing Division

    Office : 614-645-7896 


    Intake Line
    Office : 614-645-8526 
    Email:  Home_Safe_And_Sound  

    Franklin County Auditor 
    Franklin County Recorder's Office 
    U.S. Department of Housing and Urban Development  
    OHFA 
    Homeport Downpayment Assistance