2023 Buy Down Program

Sent on January 31, 2023

The Wellfleet Housing Authority has been administering a Buy-Down Program since 2010 and has successfully assisted eight moderate-income families purchase affordable homes. The Wellfleet Housing Buy-Down Program is a program for low-to-moderate income homebuyers. The program provides up to $175,000 in subsidy towards purchasing a Wellfleet home, lowering the price to the buyer and making the home affordable. The goal of the program is to increase the availability of affordable homeownership opportunities in Wellfleet using funds provided by the local Community Preservation Committee and approved by the voters of Wellfleet.

HERE ARE SOME IMPORTANT DATES TO REMEMBER: 

• Application Period Opens: Monday, January 9, 2023

• Information Session: Saturday, February 4th at 10 am via Zoom

• Application Deadline: Friday, March 31, 2023 at 4 pm

• Lottery: April 21, 2023 at 6 pm. Details for joining meeting provided to eligible applicants via email.

• Buyer Qualifications: To qualify, your annual household income must be at or below 80% of Barnstable County Median Income. You also cannot have more than $75,000 in assets. See the checklist in the application packet for further details. 

Click here to access the Buy Down Application.