In partnership with the State of Rhode Island, RIHousing’s new state program will allow eligible first-time homebuyers to qualify for a $17,500 grant to assist with the down payment and closing costs.
The Program offers down payment and closing cost assistance to help first-time homebuyers address rising housing costs in today’s competitive market. The down payment assistance is a grant that does not need to be repaid.
Eligibility
Be a first-time homebuyer* purchasing a 1-4 family home or condominium in Rhode Island
* A first-time homebuyer is defined as an applicant who has not owned a home as their primary residence in the past three years **Income limits are subject to change. ***Certificates obtained through a RI-based, non-profit, HUD counseling approved organization are also accepted.