Closing Cost Assistance

In partnership with the City of Central Falls, Pawtucket Central Falls Development is offering a Closing Cost Assistance Program to eligible first-time homebuyers in the City of Central Falls.

Program Details:

  • Eligible homebuyers will receive up to a maximum of $7,500, based on the total demonstrated need.
  • The assistance can be used in conjunction with homebuyer's savings through an Individual Development Account (IDA), Family Self-Sufficiency Program (FSS) through Housing Authorities, matched-savings program or additional down payment and closing cost programs. 
  • The Program will be available through a rolling application process until all funds have been committed. Assistance will be available on a first come, first serve basis.

Applicants for this program must:

  • Must have a fully executed Purchase & Sales Agreement for a property in Central Falls
  • Be a first-time homebuyer
  • Have individual/household total earnings at or below 80% of the area median income for Central Falls
  • Live in the home as their primary residence
  • Complete a HUD-approved 8-hour homebuyer education program
  • If purchasing a multi-family home, the 4-hour Landlord/Tenant Workshop is required


Program Requirements:

  • The homebuyer must meet a five-year retention period. If a homebuyer no longer meets the requirements of the City of Central Falls homeowner exemption or sells the dwelling purchased using the Closing Cost Assistance funds, an amount equal to a prorated portion of the grant will be recaptured.  

Allowable Properties:

  • single-family
  • one- to four-family homes
  • townhouses and condominiums

    For more information, please call Dianny Pena at 401-726-1173 ext.12


    Application packages for the Down Payment and Closing Cost Assistance Program are available at the PCF Development office, 204 Broad Street in Pawtucket.

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