The Chenoa Fund is a down payment assistance program designed to help low to moderate-income homebuyers achieve homeownership. It provides financial support in the form of a second mortgage, which can cover down payment and closing costs. This program is particularly beneficial for first-time homebuyers who may struggle to save enough for a down payment. Administered by the CBC Mortgage Agency, the Chenoa Fund aims to make homeownership more accessible. Eligible borrowers can receive assistance without the need for repayment until they sell or refinance their home. This initiative supports the goal of increasing affordable housing options across the United States.