Atlantic County Improvement Authority Projects
The Atlantic County Improvement Authority

Atlantic City Down Payment Assistance Program

The Atlantic City Down Payment Assistance Program is currently suspended and no longer accepting applications at this time.

Basic Program Guidelines

  1. Eligible Applicants (Households);
  2. Who have resided in Atlantic County for the previous 12 months or are employed in Atlantic City,
  3. Who have not owned a home for the previous 2 years,
  4. Who have the ability to obtain a fixed rate mortgage through NJHMFA approved lenders*,
  5. And meet established income guidelines.

Eligible Properties

  1. Single family properties including townhouses and condominiums located within Atlantic City, New Jersey,
  2. Sales price of property cannot exceed $350,000.00,
  3. Property must be primary residence and maintained as same.

Program Financing

  1. The Program may provide down payment assistance up to 10% of the purchase price and up to $5,000.00 of eligible closing cost for a combined total amount not to exceed $30,000.00.
  2. All down payment and closing cost assistance is offered to the homebuyer as a deferred 0% interest loan, secured by a mortgage, to be repaid to the program based on the proceeds from resale, refinance or any changes in title and a portion of the appreciation as detailed in the recapture provision. 

Household Income Requirements 2015

Any income up to $100,000.00

Income Includes: Wages, Tips/Commissions, Pension / Retirement, Unemployment, Disability, Social Security, Investment Income, Alimony, Child Support, Business Income, Rents, Royalties, Welfare, Annuities, Death Benefits

Approved Lender List for Program Participation can be found on the New Jersery Housing and Mortgage Finance Agency website.

Click here for the Frequently Asked Questions.

For more information contact: The Atlantic County Improvement Authority, 1333 Atlantic Avenue, Suite 700, Atlantic City, NJ 08401 or by Phone at 609-343-2390, ask about ACIA’s Atlantic City Down Payment Assistance Program. 


Open Public Record Act Form in PDF format - will open in a new window.

1333 Atlantic Avenue
Suite 700

Atlantic City,NJ 08401

609-343-2188 (Fax)