Affordable Housing Funding Available

This just in from our preferred lenders who are members of the Federal Home Loan Bank (FHLB) of Atlanta, our team was recently notified FHLB has released an additional $5 million dollars for the Affordable Housing Program (AHP) Homeownership Set-Aside Program.

Funding is based on a first-come, first-served basis for eligible borrowers. The First-Time Homebuyer Product offers up to $7,500 for first-time homebuyers to assist with the down payment and closing costs incurred when purchasing a home.

Additionally, the Community Partners Product provides a maximum home purchase assistance subsidy of up to $10,000 for current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders, veterans and active-duty members of the military, or their surviving spouse, and COVID-related essential workers who are purchasing a home.

In addition to meeting income eligibility requirements, the homebuyer must meet program stipulations.

If you would like to learn more about the program please call or email me today!