$250 Challenge

At Euclid Development Corporation (EDCOR), we believe that every resident deserves access to safe, affordable housing and resources to help build a better future.

$250 Savings Challenge logo

Turn $250 Into $2,250 For Your New Home

Think you can’t afford to buy your first home? We challenge you to prove you can! Save just $250 over four weeks and we’ll turn it into $2,250 toward your down payment or closing costs. Sound good? It gets better! You can combine it with our Down Payment Assistance loan for even greater buying power! Do you have what it takes? Apply online to take the $250 Challenge. Only 3 spots are available this year. Questions? Email info@edcor.org.

This is a limited challenge. Only 3 participants will be accepted this year.

Cuyahoga County Income Limits 2026

*Income amounts are effective as of May 2026 and are subject to change.

Apply Online for the $250 Challenge

    • Meet the income limits

    • Save $250 in a dedicated savings account over 4 weeks

    • Complete 8 hours of HUD certified financial education

    • Receive $2,000 from EDCOR to use toward your first home purchase

    • Total benefit: $2,250 for your homeownership goals

    • 8-to-1 return on your commitment to save

    • Professional financial education and homebuyer counseling

    • Dedicated individual support throughout your homebuying journey

    • Proof that you CAN become a homeowner

    • First-time homebuyers welcome

    • Must meet the income limits

    • Must be committed to saving $250

    • Be committed to completing financial education

  • New: HUD-certified housing counseling is now available through EDCOR. More information is coming soon. Until then, you can complete the required counseling through any agency listed below.

Household sizeMaximum annual income (80% AMI)
1$58,800
2$67,200
3$75,600
4$84,000
5$90,750
6$97,450
7$104,200
8$110,900