David Bugher (253) 983-7739 • Fax (253) 512-2268 • DBugher@cityoflakewood.us
Assistant City Manager for Development/Community Development Director


Effective March 1, 2017, for loans funded with HOME Down Payment Assistance, the maximum sales price/property values allowed are $254,000.00 for existing housing and $329,000.00 for new construction.

Are you looking to buy a home in Lakewood? Studies have shown that a lack of adequate funding for down payment and closing costs remains one of the main obstacles to homeownership. In order to provide improved access to the housing market, the City of Lakewood offers a Down Payment Assistance (DPA) program that assists qualified homebuyers with down payment and closing costs to purchase a home within the Lakewood city limits.

Do I qualify for the program?

To be eligible for this program, applicants must meet the program income guidelines of 80% of the median income limit, established by the federal Department of Housing and Urban Development (HUD) (see table below). DPA funds can only be used for the purchase of a home that is either owner-occupied or vacant and will be used as the purchaser’s primary residence.

CDBG Program Income Limits

Family Size Median Income 30% of Median
Income Limit
50% of Median
Income Limit
80% of Median
Income Limit
CDBG Effective: April 14, 2017 
1 $52,150 $15,650 $26,100 $41,750
2 59,600 17,900 29,800 47,700
3 67,050 20,420 33,550 53,650
4 74,500 24,600 37,250 59,600
5 80,460 28,780 40,250 64,400
6 86,420 32,960 43,250 69,150
7 92,380 37,140 46,200 73,950
8 98,340 41,320 49,200 78,700


HOME Program Income Limits

Family Size Median Income 30% of Median
Income Limit
50% of Median
Income Limit
80% of Median
Income Limit
HOME Effective: June 15, 2017
1 $50,700 $15,650 $31,320 $41,750
2 57,900 17,900 35,760 47,700
3 65,100 20,150 40,260 53,650
4 72,300 22,350 44,700 59,600
5 78,100 24,150 48,300 64,400
6 83,900 25,950 51,900 69,150
7 89,700 27,750 55,440 73,950
8 95,500 29,550 59,040 78,700

How does the program work?

HOME DPA: Loans up to $10,000 with 1% interest and small monthly payments, depending on income level, are available to qualified homebuyers who meet the program requirements. These funds are to be used for down payment and closing costs (prepaid costs such as taxes and interest are not eligible). The borrower must contribute at least $1,000. Gift funds for borrower investment are allowed. The borrower does not have to be a first-time homebuyer.

CDBG DPA: Funds are currently not available.

Application for assistance is made through your lender in cooperation with the Lakewood Community Development Department- CDBG. Once you have met your lender’s requirements and qualify for a home loan, have your loan officer contact Program Coordinator Martha Larkin at (253) 983-7754.

What types of property are eligible?

To be eligible, the property must be zoned single-family residential, mixed residential, multi-family high density, neighborhood commercial, central business district, or air corridor.

Are there any other requirements?

Prior to loan approval, City staff must inspect the property to determine it meets HUD Uniform Physical Condition Standards or Housing Quality Standards and is free from code-related deficiencies. 

  • HOME Lender Information
  • CDBG Lender Information
    • Single-family dwelling
    • Condominium
    • Townhouse
    • Manufactured housing (not older than 1990, on a permanent affixed foundation, on owned or purchased land. Land/home packages will be accepted at closing.)
  • Buildings built prior to January 1, 1978 must be inspected by City staff to determine if deteriorated paint exists. If there is deteriorated paint and it is found to contain lead above a certain level, it must be specially treated by trained personnel prior to commitment of DPA funds.

DPA loans in 3rd lien position are acceptable if the 2nd lienholder is the Pierce County Housing Authority Section 8 homebuyer plan, including purchase plans for persons with disabilities.

Funds provided for DPA shall become due upon sale, refinance or transfer of ownership, or if the property is no longer occupied by the owner.

How do I apply?

This program is administered by the Community Development Department located on the second floor of Lakewood City Hall at 6000 Main St. SW. For more information or to apply for this program contact Program Coordinator Martha Larkin at (253) 983-7754 or e-mail .