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Purchase Assistance Program
Funds Are Currently Available
Eligible very-low and low-income homebuyers can apply for down payment, closing cost, and repair assistance for new or existing homes located in the City of Cocoa.

  • Maximum assistance per unit is $40,000 for very-low-income and $35,000 for low-income households in the form of a 10-year, deferred-payment loan.
  • Home values cannot exceed $189,682 for existing or new construction homes. Mobile or manufactured homes are not eligible for assistance.
  • The household must have a minimum annual income of $16,000, with the ability to obtain a fixed-rate mortgage.
  • Proposed monthly mortgage payment cannot exceed buyer's affordability ratios (front-end 30% / back-end 40%).
  • Property must be owner-occupied or vacant prior to purchase and must remain owner-occupied after purchase.
  • Total income and assets for all household members must not exceed the following limits for family size. (See chart below.)
  • The home must be located within Cocoa city limits, contact Diana Rodriguez, Housing Coordinator at (321) 433-8520. 
  • To schedule to attend the mandatory homebuyer class contact Community Housing Initiatives at (321) 253-0053.

Income & Asset Limits
Median Income 1 Person 2 Persons 3 Persons 4 Persons 5 Persons
50% very low $21,550.00 $24,600.00 $27,700.00 $30,750.00 $33,250.00
80% low $34,450.00 $39,400.00 $44,300.00 $49,200.00 $53,150.00


Cocoa, FL
The City of Cocoa
65 Stone St.
Cocoa, FL 32922
Ph: (321) 433-8800
Fx: (321) 433-8408