In spring 2019, Hobart’s Run launched its Homeowner Incentive Program (HIP), which provided $5,000 forgivable loans to qualified buyers who were moving out of a rental situation into homeownership in our neighborhood focus area (see listings below). Successful applicants needed to maintain primary residence in the home until the loan is forgiven.
Hobart’s Run updated the HIP guidelines in the summer of 2025. The program now offers a grant of $3,000 that must be used towards closing costs to approved applicants. Homebuyers applying for this incentive cannot have owned another home in the past two years and must be moving into homeownership out of a current rental situation. The purchased home must resides within the Hobart’s Run focus area. Approved applicants must maintain primary residence in the home, and must be willing to meet in person or online for a brief information session about Hobart’s Run.
From January 30, 2026 – June 30, 2026
A limited-time grant from the Pottstown Regional Community Foundation has increased the amount awarded from $3,000 to $6,000 and expanded the focus area (see map below). The grant funds must be used toward closing costs. Incentives are available as program funding is secured.
Download the full HIP Guidelines, Apply for HIP Application, or look at the available listings.
