WISH (Workforce Initiative Subsidy for Homeownership) Program

WISH Program Downpayment Assistance

The WISH Downpayment Assistance Program is a down payment assistance initiative for residents of

  • California

  • Oregon

  • Washington

that allows grants to be given to residents to assist low-to-mid-income families

purchase their first home.

The program provides up to $15,000.00 for each household to be used toward their home purchase

Under the WISH Program, the Bank sets aside a portion of its annual Affordable Housing Program contribution to provide matching grants through Bank members for downpayment and closing cost assistance to eligible first-time homebuyers.

Key Advantages

  • Provides up to $15,000 for each participating household, matching up to $3 for each $1 contributed by the homebuyer(s)

  • Application process allocates funds for homeownership based on program eligibility, not on competitive scoring

Homebuyer Eligibility
To be eligible for WISH funds, the homebuyer must meet the following eligibility criteria:

  • Homebuyer will  successfully complete a homebuyer counseling program.

  • Homebuyer is a first-time homebuyer, as defined by the member.

  • At the time of enrollment in the WISH Program, homebuyer meets income eligibility guidelines as published by the Bank, and is at or below 80% of the HUD area median income.

  • Homebuyer must open escrow on a home purchase transaction within one year of enrollment in the WISH Program.