The El Paso County Turnkey Plus Downpayment Assistance (DPA) program provides a fully forgivable DPA loan to individuals and families who want to purchase a home anywhere in El Paso County, Colorado, including the City of Colorado Springs. Qualified homebuyers may receive up to 5% in DPA in the form of a soft Second Mortgage loan at 0% interest that is fully forgivable at 30 years.
Since 2013, over 2,800 families have been able to buy a home in our community thanks in part to the Turnkey Plus DPA program! The El Paso County Housing Authority received an Award of Excellence in 2021 from the National Association of Local Finance Agencies for the program’s innovations and the impact on our community. Because this is not a bond program, there is no first-time homebuyer requirement and borrowers are not subject to federal “recapture tax.”