National Down Payment Assistance Platform
A CRA-eligible investment platform that drives documented community impact and mortgage volume growth for banks, credit unions, and independent mortgage banks, in any market.
After José had covered his minimum down payment and some additional for rate-buydown and closing costs, he was still short on the funds needed to close. HCA's $9,000 DPA covered the gap, which also allowed him to leverage an additional DPA from the City of Los Angeles for full financing coverage. Today the home has gone up in value, and his equity is worth a multiple of the amount he was short to close on this opportunity.
Dec 2022
$9,000
DPA at closing
Jul 2026 (AVM)
$154,000+
Home equity
Fifth Third Bank
Piloted in the bank's target markets with strategic homebuyer production goals.
Investment
Impact
Community Impact Metrics
First-Time Homebuyers
258
98% of portfolio
Minority Borrowers
235
89% of units · 90% of funds
HMDA B1 or B2
LMI Homebuyers
111
42% of units · 41% of funds
HH AMI ≤ 80%
LMI Census Tract
128
49% of units · 47% of funds
Property qualified
Avg DPA Amount
$5,875
Grants + loans combined
263 total records
CDFI Qualification — Loan Portfolio
✓ Meets 60% thresholdLMI Tract or LMI Homebuyer (≤80% AMI) · loans only (142 loans)
96
Qualifying Loans
67.6%
% of Deployed Units
63.4%
% of Deployed Funds
86
Majority Minority Tract
33% of portfolio
10
States with Program Activity
Across the national portfolio
HCA's National DPA Solutions
An award-winning national solution set of products and delivery methodologies for Down Payment Assistance that can be delivered efficiently and consistently in any market. Recognized by the Brookings Institution for innovation in closing the wealth gap.
Geo-Targeted CRA Credit
All investments are CRA Investment Credit Eligible and can be targeted to your specific assessment areas and geographies.
Any Market
Products cover LMI, LMICT, MMCT, and First-Generation homebuyers up to 140%+ AMI in any market and up to 200% AMI in high-cost markets.
Broad Mortgage Compatibility
Programs can be used with Conventional, FHA, and Portfolio 1st mortgage programs and combined with other DPA if available.
Easy Fund Reservation
HCA provides an easy fund reservation and closing process for partner-lenders, minimizing friction at point of sale.
Documented Compliance & Reporting
HCA provides full CRA documentation, fair lending compliance support, and impact reporting to support your exam and internal accountability requirements.
Matched Funds
Partner with HCA to build a DPA fund for your area. HCA will get your funds matched and double the impact.
CRA Investors
As an emerging CDFI, HCA helps boost LMI & Diverse mortgage production while multiplying CRA credit opportunities.
CRA Investment Credit Eligible & Geo-targeted
- Grants/Philanthropy for Grant & Deferred DPA Capital
- Investments (Equity Capital) for repayable affordable second DPA
- • 3–10 year flexible terms
- • Rate ≤4%
Example CRA Investment & DPA Deployment
How HCA uses CRA investments & donations and deploys DPA capital with our partners.
$1M Loan Pool Investment
- • 4% Interest Rate
- • 3 Year Term (renewable)
Targets Set with Mortgage Division
- • Product(s) Onboarding
- • Local HUD Org Involvement for Referrals
- • Allocation of DPA units/volume by HCA
First-Time & First-Generation Homebuyers Created
- • 75+ LMI/MM Households Served
- • 130+ CRA Eligible Loans
- • $23M+ in Mortgage Volume
Renewed Investment — 3 Years
- • Additional CRA Credit without additional $$
Tax Benefits for Donors & Recipients
HCA's 501(c)(3) structure creates a uniquely clean tax outcome for every party in the DPA transaction — donors, homebuyers, and lenders alike.
Donors: Fully Tax-Deductible
As a registered 501(c)(3) nonprofit, all donations to HCA's DPA fund are fully tax-deductible. Banks making CRA-eligible grant investments and individual donors both benefit from immediate deductibility — maximizing the value of every dollar invested.
Recipients: No Tax Liability
Homebuyers who receive HCA grants or forgiven DPA — having met all program requirements — face zero tax liability on those funds. Because HCA administers assistance as a nonprofit, recipients are not subject to the cancellation-of-debt income rules that can burden borrowers in lender-run programs.
Lenders: No 1099 Headaches
When lenders run their own forgiveness programs, they face the annual burden of issuing 1099-C forms — and fielding calls from upset borrowers who discover unexpected taxable income at tax season, despite earlier disclosures. HCA handles the entire DPA administration, eliminating that operational cost and protecting your borrower relationships.
Our DPA Products
Flexible down payment assistance solutions designed to meet diverse borrower needs.
GrantEquity Closing Grant
Non-repayable grant up to $5,000 for qualified homebuyers.
Best for: Closing cost barriers and philanthropic CRA grant capital
ForgivableEquity Access
Deferred and forgivable DPA second, fully forgiven after 5 years of stable homeownership.
Best for: LMI census tract and first-generation homebuyer CRA goals
DeferredEquity DPA
30-year deferred second lien at 0% interest.
Best for: High-volume lender deployment and broad LMI reach
RepayableEquity Builder Affordable Second
Affordable second lien with the same interest rate as the first mortgage with wide range of program options.
Best for: High-cost markets and moderate-income borrowers up to 200% AMI
DeferredEquity Share
Shared appreciation, 30 year second lien, zero interest.
Best for: Deep affordability markets and CRA equity investment capital
The National DPA Opportunity
Data-driven analysis of DPA-addressable denial barriers and the recoverable loan volume for lenders nationwide.
HCA can run this analysis for any donor geography to right-size solutions for your market.
Are You a Trade Association?
HCA can help you build a local DPA fund for your area — right-sized for your market and members. We'll get your funds matched and serve as your nonprofit back office.
Learn MoreReady to Make an Impact?
Join our network of lender partners and help more families achieve sustainable homeownership.
Start Your Partnership Application