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City of Longmont, Affordable Housing Programs

Boulder County Down Payment Assistance Program

Notice: Funds are no longer available for Broomfield


What is the Down Payment Assistance Program? The Boulder County Down Payment Assistance Program provides down payment and closing cost assistance to first-time homebuyers purchasing a home in Boulder County (outside of the city limits of Boulder). Up to 8.5% of the purchase price (maximum $15,000) may be borrowed.

Loan Terms: For households earning between 51-80% Area Median Income (AMI): 3% interest loan amortized over 10 years. For households earning below 50% Area Median Income (AMI): Deferred loan. No monthly payments, and 4% simple interest is charged for the first 10 years. Payment (principal plus interest) is due at sale, change of ownership, or refinance of property.

See below chart for income limits.


Application Process:

The application process for the Boulder County Down Payment Assistance Program is a two-part process. The first part determines the eligibility of the homebuyer. The second part determines whether the home is eligible to be purchased with the use of funds from the Program.

Homebuyers are strongly encouraged to not sign a purchase contract until they have completed the full application process and are determined eligible for the Program.

Even if you are determined eligible and find a home that you like, that home may not be eligible to be purchased using the Boulder County/Longmont Down Payment Assistance Program.

Please read the below requirements to learn both your requirements and property requirements for the Program. Contact Molly McElroy with any questions at 303-774-4648 or molly.mcelroy@ci.longmont.co.us


Homebuyer Requirements:

Boulder County Income Limits
Household Size
1 person
2 person
3 person
4 person
5 person
6 person
Maximum Income (This is the 80% figure)
$44,750
$51,150
$57,550
$63,900
$69,050
$74,150
Maximum Income (This is the 50% figure) $33,650
$38,450
$43,250
$48,050
$51,900
$55,750

Property Requirements


Application Packet

Boulder County Common Application Packet (adobe pdf document 265 KB) May be used to apply for Boulder County Down Payment Assistance Program, and any and all housing programs including the City of Longmont Affordable Housing Programs, City of Boulder, and Thistle Community Housing. Please download application packet, complete all forms and submit with all required documentation, along with the application fee to: Molly McElroy, City of Longmont, CDBG Office, 350 Kimbark St., Longmont, CO 80501.

Incomplete applications cannot be fully processed and will delay determining your eligibility for the program.

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