Forgivable second mortgageRequires verificationFunding unverified
Thomasville CHIP Homebuyer Subsidy
City of Thomasville Planning Department
Up to $14,999 as a deferred-payment second mortgage forgiven 20% a year over about 5 years, for buyers under 80% of AMI purchasing a new home built on Thomasville-Thomas County Land Bank property.
Assistance
Advertises up to $14,999
- Up to $14,999
Deferred-payment second mortgage forgiven 20% a year over the affordability period (generally 5 years).
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.
- Minimum borrower contribution $1,000
See exact policy language
“Buyer must contribute a minimum down payment of $1,000.”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · CHIP Grant Program Requirements · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Homebuyer education: Homebuyer workshops/counseling ($100 fee).
See exact policy language
“There is no fee to apply for the grant; the applicant must pay $100 for required homebuyer workshops and counseling to an approved Housing Counseling Agency.”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · CHIP Grant Program Requirements · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Must be your primary residence
See exact policy language
“Remain as the primary occupant of the house;”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · During the affordability period, the owner must · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Location: Thomasville
- Income limits: on file for City of Thomasville (80% of area median income)
- Purchase-price limits: Unknown — verify with the applicable lender or program administrator.
- Property types: New homes built on Thomasville-Thomas County Land Bank Authority property.
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.
- Assistance — Up to $14,999
See exact policy language
“2016 Community HOME Investment Program (CHIP) funds are available to assist home buyers with a deferred payment (forgiven) loan of up to $14,999 towards the purchase of a new house.”
CHIP Grant Program | City of Thomasville — City of Thomasville Planning Department · 2016 Community HOME Investment ProgramOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Repayment terms
See exact policy language
“The loan does not have to be re-paid so long as the owner meets certain conditions during the “affordability period”, generally 5 years; the loan amount due will decrease at a rate of 20% per year throughout this period.”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · CHIP Grant Program Requirements · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Minimum borrower contribution
See exact policy language
“Buyer must contribute a minimum down payment of $1,000.”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · CHIP Grant Program Requirements · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Homebuyer education
See exact policy language
“There is no fee to apply for the grant; the applicant must pay $100 for required homebuyer workshops and counseling to an approved Housing Counseling Agency.”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · CHIP Grant Program Requirements · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Owner occupancy
See exact policy language
“Remain as the primary occupant of the house;”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · During the affordability period, the owner must · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Eligible location
See exact policy language
“The house would be constructed on property owned by the Thomasville-Thomas County Land Bank Authority.”
CHIP Grant Program | City of Thomasville — City of Thomasville Planning Department · 2016 Community HOME Investment ProgramOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Income limits
See exact policy language
“Applicants must have verifiable household income less than 80% Area Median Family Income (see chart) and have limited cash assets.”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · CHIP Grant Program Requirements · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026 - Property rules
See exact policy language
“The house would be constructed on property owned by the Thomasville-Thomas County Land Bank Authority.”
CHIP Grant Program | City of Thomasville — City of Thomasville Planning Department · 2016 Community HOME Investment ProgramOpen official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026If the passage is not highlighted, use your browser’s find (Ctrl/⌘ F) to search for the quoted text. - Contact — Thomasville Housing & Zoning
See exact policy language
“Housing & Zoning Administrator 229-227-3006”
CHIP Grant brochure / Program Requirements (Rev 2/5/18) — City of Thomasville · For More Information · page 2Open official source at this passage ↗Quote found word-for-word · checked September 29, 2026Last read by a HomeStack researcher: September 29, 2026
Official contacts
Thomasville Housing & Zoning: 229-227-3006
Participating lenders: confirm with the administrator. Housing counselors: HUD counselor search.
Official source
CHIP Grant Program | City of Thomasville · City of Thomasville Planning Department · 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.