Housing - Down Payment Assistance | Euclid Development Corporation
Euclid Development Corporation
585 E 222nd St., Euclid, OH 44123
Required documents
Hours
M,W,F: 9:00am-4:30pm (except somewhat variable lunch hour).
(216) 289-4625
Voice
Website
http://cityofeuclid.comFees
3 1/2% of the purchase price as down payment. No other fees may be added to the loan such as closing costs. A Processing fee is due at the time of confirmation of applicant eligibility.
Service area
Euclid, Ohio
Offers down payment assistance loans of up to $10,000 toward the purchase of a single family home, attached single family home or a condominium housing unit. Loan amount will be based on 17% of purchase price, with a maximum down payment assistance of $10,000. This loan is deferred, interest free and will be 50% forgiven after a period of five years of owner occupancy. The remaining balance is due upon re-sale or transfer of the property.
Last Verified
04/30/2026
What's Here
Providing organization
Euclid Development Corporation
Provides low-interest loans to low and moderate income residents of Euclid for home improvement and to correct code violations. Provides down payment assistance for qualified first time home buyers.
Data provided by
211 Cleveland