How much funding does Sam Smith 'Hi Neighbor' Homeownership Fund provide?

Sam Smith 'Hi Neighbor' Homeownership Fund provides Up to $20,000 in funding.

When is the deadline for Sam Smith 'Hi Neighbor' Homeownership Fund?

The funder has not published a deadline for this grant.

Sam Smith 'Hi Neighbor' Homeownership Fund

Homesight

Foundation Grants for Black-Owned Businesses Housing Grants for Nonprofits Affordable Housing Grants

Funding Amount

Up to $20,000

Deadline

Deadline not published

Grant Type

Foundation

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Other requirements

Black/African American first-time homebuyers
Earning between 80% and 120% of Washington State's Area Median Income (AMI)
Must be pursuing homeownership

Overview

Funder: HomeSight, Windermere Real Estate, U.S. Bank, Key Bank, JP Morgan Chase, and National Association of Real Estate Brokers (NAREB)

Geographic Scope: Washington State

Focus Areas: Homeownership for Black/African American first-time homebuyers

Eligibility:

Black/African American first-time homebuyers
Earning between 80% and 120% of Washington State's Area Median Income (AMI)
Must be pursuing homeownership

Program Details:

Loan product designed to increase purchasing power and bridge the affordability gap for Black homebuyers
Eligible borrowers can receive up to $20,000 (initially advertised as up to $12,000, later expanded to $20,000)
Funds can be layered into a mortgage loan toward home purchase cost
Named after legendary Washington State Legislator Sam Smith, who championed the state's Open Housing Law in 1967
Created in partnership with Windermere Real Estate, U.S. Bank, Key Bank, JP Morgan Chase, and NAREB
Addresses racial disparities in homeownership: only 25.8% Black/African American homeownership rate in Seattle vs. 50.9% for White homeowners

Background:

Launched December 2021
Created to address systemic barriers to homeownership for Black homebuyers
Part of broader effort to increase Black homeownership rates and build generational wealth

Contact Information:

Main Office: (206) 723-4355
Email: info@homesightwa.org
Website: http://homesightwa.org/sam-smith-hi-neighbor-homeownership-fund/

How to Apply

Specific application procedures not detailed in provided content. Contact HomeSight directly:

Phone: (206) 723-4355
Email: info@homesightwa.org
Website: http://homesightwa.org/sam-smith-hi-neighbor-homeownership-fund/

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What Homesight actually gave

Source: IRS Form 990, 2023 — the most recent filing with itemized grants

Homesight reported $5,000 in grants for 2024 as a total without an itemized list; the grant details below are from 2023, its most recent itemized filing.

Grants in 2023: 6
Total given: $682K
Median grant: $78K
Range: $8,000–$279K