A view of the Atlantic City boardwalk and sandy beach at sunset, with coastal buildings lining the right side."

First-Time Buyer? Here’s What the ACIA Grant Could Mean for You

A view of the Atlantic City boardwalk and sandy beach at sunset, with coastal buildings lining the right side."

ATLANTIC COUNTY FIRST-TIME BUYERS

First-Time Buyer? Here's What the ACIA Grant Could Mean for You

Your dream of homeownership in Atlantic City may be closer than you think.

It's a common feeling among aspiring homeowners: owning a home in a vibrant place like Atlantic City seems just out of reach. Many first-time buyers assume the upfront costs are simply too high. But what if there were a way to bridge that gap? The Atlantic County Improvement Authority (ACIA) homebuyer program is designed to offer real, tangible help, and it could make the Atlantic City market more accessible than you might imagine.

What the ACIA Grant Offers

The ACIA program can offer up to $30,000 in total assistance toward your home purchase. That includes:

  • Down payment assistance: up to 10% of the purchase price, with a maximum of $25,000.
  • Closing cost assistance: up to $5,000 to help cover essential closing expenses.

What makes it especially appealing is that it's structured as a deferred, 0% interest loan. There's no interest accrual, and the loan may be forgiven after 20 years as long as you keep the home as your primary residence.

Exterior view of a two-story suburban house with light blue and white siding, a covered front porch, a white garage, and a landscaped green lawn under a clear blue sky

$30,000

Up to in assistance

10%

Down payment help

$5,000

Closing costs

20 yrs

Loan forgiveness

A Worked Example

Here's how it could work for you. Imagine you find a condo in Atlantic City priced at $220,000.

  • You could receive up to $22,000 in down payment assistance (10% of the $220,000 purchase price).
  • You could also receive up to $5,000 for closing costs.

In this scenario, total assistance could be as much as $27,000, significantly reducing the upfront cost of buying your home.

Who Qualifies?

To take advantage of this program, certain eligibility criteria apply:

  • Household income: must be at or below $131,000.
  • Home price: the purchase price must be at or below $544,000.
  • Primary residence: the home must be your primary residence.
  • Location: the property must be in Atlantic County.

Your Atlantic City Home Awaits

With many Atlantic City homes listed under $300,000, the ACIA grant can make a real difference for first-time buyers. Reach out today to talk about your goals and see whether you may qualify.

Call or text Jacob Email Jacob

Jacob Ely | Licensed Real Estate Agent | Coldwell Banker Argus
609-517-3364 | jacob.ely@jakerealestateacnj.com

Eligibility limits apply. Contact ACIA at (609) 343-2390 or your lender to confirm current program details.