Iowa City UniverCity Neighborhood Partnership – 2025 Iowa First-Time Homebuyer Assistance Guide

Iowa City UniverCity Neighborhood Partnership is a comprehensive initiative administered under Iowa's housing authorities. This program provides targeted assistance through financial aid, credit support, or housing subsidies to increase accessibility to homeownership. Program specifics vary depending on funding availability, applicant income, and local government coordination. The initiative often works in collaboration with lenders, nonprofit housing agencies, and local communities to ensure broad eligibility and sustainability.

• Home must be in approved Iowa City core neighborhoods

• Must live in the home for 5 years minimum

• First-time buyers preferred

• $10,000–$25,000 forgivable assistance for acquisition and rehab

• Stabilizes historic university neighborhoods

1. Check property eligibility on Iowa City portal

2. Apply with required forms

3. Close with city funding layered on purchase