Downpayment and Closing Cost Assistance

The Borrower’s Assistance Program (BAP) is a program administered by the Holyoke Housing Authority that can help first-time buyers who are purchasing a home in Holyoke with downpayment/closing cost expenses.

  • To be eligible for assistance the borrower must:
  • Be income eligible-not make more than 80% of the area median income.
  • Be a first-time homebuyer-have not owned a home within the past three years
  • Be purchasing a single family home in the city of Holyoke
  • Have completed an approved first-time homebuyer education workshop series
  • Be in need of BAP assistance in order to purchase a home

If the borrower remains in the home for five years the loan is forgiven.

For more information please contact Rita Maccini at 413-539-2220.