Rhode Island Governor Introduces $7,000 Down Payment Grant

As of September 8, 2015, a certain segment of Rhode Island first time home buyers can get a down payment grant of up to $7,000. RI Governor Gina Raimondo and Rhode Island Housing have joined forces to attract young professionals to Rhode Island by offering the Ocean State Grad Grant Program, in which graduates may qualify for down payment assistance of up to $7,000.

Details from Rhode Island Housing:

Congratulations graduate and best wishes on your next adventure! If that adventure includes owning your first home, we have the tools and incentives to help. Our Ocean State Grad Grant program was developed to help you make Rhode Island your home.

The Ocean State Grad Grant is helping college graduates make Rhode Island home by offering a special first-time homebuying grant.

The Ocean State Grad Grant:

  • is available to qualified borrowers who have graduated within the last 36 months from an accredited academic institution

  • up to $7,000 in down payment assistance

  • can be combined with our closing cost assistance

>> read full criteria at gradgrant.org


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