The Denver Office of Economic Development is making housing more affordable for first-time home buyers. Last year, the City launched a $25 million Mortgage Credit Certificate Program to qualifying buyers. The program is estimated to benefit approximately 180 households throughout Denver and funds are still available.


Through December 31, 2011, first-time homebuyers in eligible income brackets can qualify for the Mortgage Credit Certificate Program. A Mortgage Credit Certificate is a tool to reduce the amount of federal income tax a borrower must pay by providing an annual federal income tax credit. This in effect provides additional take-home income for the borrower to use in making a monthly mortgage payment. The program offers an annual federal income tax credit equal to 20 percent of the yearly interest paid on a mortgage loan.


To be eligible for the certificate, annual family income cannot exceed $88,600 for one or two persons and $101,900 for three or more in non-targeted areas. Higher income and purchase price limits are available in targeted areas. Homebuyers in targeted areas need not be first-time buyers.


For more information on the Mortgage Credit Certificate Program, including a map of targeted areas and a list of participating lenders, visit