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Through new construction or rehabilitating existing properties, the City partners with both non-profit and for-profit developers to create robust opportunities for homeownership. The City proudly partners with Financial Pathways of the Piedmont’s Center for Homeownership to provide homebuyer counseling services and mortgage application support to Winston-Salem residents. These programs include credit counseling, personal savings plans and setting achievable, measurable financial goals. City financial assistance is limited to projects which meet various criteria specific to our funding sources, such as CDBG or HOME funds. These criteria exist to ensure that: Additionally, the City’s Lending Division offers a down payment assistance program for first time homebuyers looking to purchase their first home.

Housing Development and Rehabilitation 

City financial assistance is limited to projects which meet various criteria specific to our funding sources, such as CDBG or HOME funds. These criteria exist to ensure that:

  • Homeowner or buyer incomes do not exceed limits for funding utilized 
  • Home affordability is preserved
  • The home serves as the owner’s/buyer’s principal residence
  • Cost and affordability limits apply to housing units produced with public funds

Developers and organizations looking to partner with the City are encouraged to visit our Developer’s Portal

First-Time Homebuyer Financial Support and Counseling

The City proudly partners with Financial Pathways of the Piedmont’s Center for Homeownership to provide homebuyer counseling services and mortgage application support to Winston-Salem residents. These programs include credit counseling, personal savings plans and setting achievable, measurable financial goals.


Additionally, the City’s Lending Division offers a down payment assistance program for first time homebuyers looking to purchase their first home. 

Community Partnerships 

Ridgewood and East End

In partnership with the SG Atkins Community Development Corporation, the Housing and Community Services Division completed the first phase of the Ridgewood subdivision development, a new community featuring single-family homes in the Southeast Ward. Several homes were also constructed on Hardesty Lane in the East End community. A portion of these homes are set aside for households with low and moderate incomes. An eligible family of four would need to have a household income of $53,400 or less to qualify for these homes. New homeowners are provided with comprehensive first-time homebuyer’s education and counseling before closing on their loans. 

 

 

Stone Terrace Subdivision

Additionally, the City is leveraging its longstanding partnership with Habitat for Humanity to construct dozens of new homes as part of the Stone Terrace development. With a March 5, 2021 groundbreaking, this investment in affordable housing will feature a new subdivision of single-family homes and spacious grassy commons areas for recreation and socializing.