State Housing Initiative Partnerships (SHIP) Purchase Assistance Program

 ALLOCATION:  $1,500,000                    MAXIMUM AWARD: $100,000                MAXIMUM PURCHASE PRICE: $331,888Access Existing Purchase Assistance Applications​​

​PURCHASE ASSISTANCE SUMMARY: Funding will be available to SHIP and HOME Match income eligible first-time homebuyers for purchase assistance with or without rehabilitation or new construction.  SHIP funds will be awarded to assist with gap financing, lot acquisition; down payment; rehabilitation of the unit to be purchased; and closing costs.  NOTE: Prospective homebuyers must qualify as a First Time Homebuyer under the HUD definition: An individual who has no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This provision is limited to a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned with a former spouse while married. An individual who is a displaced homemaker and has only owned with a spouse. An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations. An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.


Number of Persons in Household

Extremely Low Income (30%)


Very Low Income (50%)


Low Income (80%)

Moderate Income (140%)


1 $18,000 $30,000 $47,950 $84,000
2 $20,600 $34,250 $54,800 $95,900
3 $23,150 $38,550 $61,650 $107,940
4 $26,500 $42,800 $68,500 $119,840
5 $31,040 $46,250 $74,000 $129,500
6 $35,580 $49,650 $79,500 $139,020
7 $40,120 $53,100 $84,950 $148,680
8 $44,660 $56,500 $90,450 $158,200


APPLICANT SELECTION CRITERIA:One hundred (100) applications will be available online by visiting the website at pbcgov.org/HED beginning September 20, 2021.  Applications will be accepted on a first submitted, first qualified, first served basis, subject to funding availability. 

REQUIRED DOCUMENTS: At the time of application submittal, the following documents must be provided for the applicant, co-applicant and ALL adult household members:

  • Copy of valid Drivers' License or State Identification for ALL Adult Household Members
  • Copy of Birth Certificates or valid U.S. Passport or Naturalization Certificate for ALL household members (for all Non-U.S. Citizen household members provide a copy of a valid Permanent Resident Card).
  • Copy of most recent paycheck stub for ALL working adult household members (OR) a current completed Verification of Employment (VOE) completed within 30 days of submission of application
  • Completed YTD Profit and Loss Statement for ALL adult household members (if self-employed or current 1099 Income earner)
  • If an adult student is employed – copy of class schedule on school's letterhead
  • Copy of most recent Social Security, Retirement and/or Disability Award Letter for ALL adult household members
  • Wage Earner Statement from Social Security Administration for ALL unemployed adult household members (OR) an Affidavit of Unemployment for each unemployed household members
  • Court ordered child support documentation/ALL appropriate legal documentation for adoption, divorce, battered spouse & restraining order
  • Copy of most recent six months bank statements (OR) a current Completed Verification of Deposit (VOD) for ALL accounts for ALL adult household members
  • Most recent two (2) years of tax returns (signed and dated) and W2s.
  • If self-employed, provide copy of a current 1099 and three (3) years of most recent tax returns
  • Copy of Homebuyer Certificate from a HUD Certified Counseling Agency or Neighborworks America
  • Completed Homebuyer Education Certification of Completion by a HUD Certified Counseling Agency or Neighborworks America
  • Completed Housing Partners' Fee Schedule
  • Copy of Pre-Approval/Pre-Qualification Letter from First Mortgage Lender


  • Applicant must secure a first mortgage approval from a lender.
  • Applicant was required to attend a Mandatory Orientation hosted by HED. ​
  • Applicant may not currently own or have liquid assets exceeding $200,000 in liquid assets.
  • Funds will be awarded as a 0% interest deferred payment loan secured by a recorded mortgage and note for 30 years.  
  • The loan is forgiven at the end of the 30-year term

Access Existing Purchase Assistance Applications

For Assistance:  Telephone: (561) 233-3606/(561)233-3693/(561)233-3600 or Email: HEDverify@pbcgov.org  ​​​