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Deferred second mortgageRequires verificationFunding unverified

Albany Affordable Home Ownership Program (AHOP)

City of Albany Department of Community & Economic Development

A soft second mortgage (gap financing) and closing-cost assistance for low- to moderate-income first-time buyers purchasing within Albany city limits, based on available HOME funds. The amount is not published.

Check a home against this program

Assistance

Assistance amount not on file

    Soft second mortgage and closing-cost assistance; amount and terms are not published.

    Assistance is subject to program, lender, funding, and transaction requirements.

    Freshness

    Last verified: September 29, 2026

    Effective date: Not published

    Funding: Funding status could not be independently verified.

    Published requirements

    Requirements not listed here are not on file and must be confirmed.

    • First-time homebuyer required
      See exact policy language
      “The City may provide gap financing with a soft second and closing cost assistance to first-time homebuyers based on availability of HOME funds and if applicable.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
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      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
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    • Minimum borrower contribution $1,000Up to $1,000 buyer contribution.
      See exact policy language
      “The homebuyer will be required to contribute up to $1,000.00 towards the transaction and attend a minimum of eight (8) hours of Homebuyer Education.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
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    • Homebuyer education: At least 8 hours of homebuyer education.
      See exact policy language
      “The homebuyer will be required to contribute up to $1,000.00 towards the transaction and attend a minimum of eight (8) hours of Homebuyer Education.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
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    • Maximum LTV 95%
      See exact policy language
      “Loans under this program will not exceed 95% LTV.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
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      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
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    • Location: Albany
    • Income limits: Unknown — verify with the applicable lender or program administrator.
    • Purchase-price limits: Unknown — verify with the applicable lender or program administrator.
    • Property types: Unknown — verify with the applicable lender or program administrator.

    Every rule, in the program’s own words

    Each rule HomeStack applies to this program, with the exact passage from the official document and a link that opens the document at that passage. HomeStack re-checks every quote against the live document.

    • Repayment terms
      See exact policy language
      “The City may provide gap financing with a soft second and closing cost assistance to first-time homebuyers based on availability of HOME funds and if applicable.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
      Open official source at this passage ↗
      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
      If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text.
    • First-time homebuyer
      See exact policy language
      “The City may provide gap financing with a soft second and closing cost assistance to first-time homebuyers based on availability of HOME funds and if applicable.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
      Open official source at this passage ↗
      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
      If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text.
    • Minimum borrower contribution
      See exact policy language
      “The homebuyer will be required to contribute up to $1,000.00 towards the transaction and attend a minimum of eight (8) hours of Homebuyer Education.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
      Open official source at this passage ↗
      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
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    • Homebuyer education
      See exact policy language
      “The homebuyer will be required to contribute up to $1,000.00 towards the transaction and attend a minimum of eight (8) hours of Homebuyer Education.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
      Open official source at this passage ↗
      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
      If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text.
    • Maximum LTV
      See exact policy language
      “Loans under this program will not exceed 95% LTV.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
      Open official source at this passage ↗
      Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
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    • Eligible location
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      “This program can provide financing for a mixture of new and existing homes within the city limits of Albany, GA, and is not confined to one subdivision.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
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    • Participating lender
      See exact policy language
      “The lender will provide first mortgage financing to qualify homebuyers for this program.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Affordable Home Ownership Program (AHOP)
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    • Contact — City of Albany DCED housing counselor
      See exact policy language
      “Consumers can contact Betty Jackson-Burton, Housing Counselor, at 229-302-1240 or via email at bjackson@albanyga.gov for more information or questions.”
      Housing Programs | City of Albany, GA — City of Albany Department of Community & Economic Development · Housing Programs page footer text
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    Important notes

    • The FY24-25 draft CAPER reports down payment assistance provided to eligible families.

    Official contacts

    City of Albany DCED housing counselor: 229-302-1240

    Participating lenders: confirm with the administrator. Housing counselors: HUD counselor search.

    Official source

    Housing Programs | City of Albany, GA · City of Albany Department of Community & Economic Development · Last verified: September 29, 2026
    Quote found word-for-word · checked September 29, 2026

    HomeStack provides research and estimates based on available program criteria. It does not provide mortgage approval, underwriting, financial advice, or a guarantee of eligibility, funding, or loan terms. Final eligibility must be confirmed by the applicable lender or program administrator.