Incentives

The city of Holyoke is dedicated to Home ownership. Here are some of the great incentives the City of Holyoke has to offer. 

Holyoke Housing Authority

The Borrower’s Assistance Program (BAP) is a program administered by the Holyoke Housing Authority that can help first-time buyers who are purchasing a home in Holyoke with downpayment/closing cost expenses.

  • To be eligible for assistance the borrower must:
  • Be income eligible-not make more than 80% of the area median income.
  • Be a first-time homebuyer-have not owned a home within the past three years
  • Be purchasing a single home in the city of Holyoke
  • Have completed an approved first-time homebuyer education workshop series
  • Be in need of BAP assistance in order to purchase a home

If the borrower remains in the home for five years the loan is forgiven.


Holyoke Gas & Electric

We offer a variety of special programs for home and business owners, that allow you to save both energy and money. Click below to learn more.


Office for Community Development

٭ HOMEOWNER ASSISTANCE
Neighborhood Improvement Program – NIP  Up to 60% rebates for home improvements in 1-4 unit, owner-occupied properties. Income eligibility requirements. Call for details.

 ٭ RENTAL PROPERTY ASSISTANCE
 
Rental Neighborhood Improvement Program – RNIP  Low interest loans for 3+ unit rental property improvements, including lead paint abatement’s, new heating systems, etc. Call for details.

 ٭ BUYER ASSISTANCE
Buyer Assistance Program – BAP. Help with down payment and/or closing costs for income eligible, first time home buyers. See the Holyoke Housing Authority above.

Contact the Office for Community Development at 322-5610 or visit our website here    http://www.holyoke.org/index.php?option=com_content&task=view&id=44   for further information on these and other programs and assistance we have to offer.