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Homestead Community Redevelopment Agency Opens First Time Homebuyer Program

Homestead Community Redevelopment Agency Opens First Time Homebuyer Program

The Homestead Community Redevelopment Agency (HCRA) First Time Homebuyer Program is now open. Eligible first-time buyers can receive down payment and/or closing cost assistance of up to $10,000 and current residents of the Community Redevelopment Area (CRA) may receive up to $15,000.

Kametra Driver

“We’re hoping residents will take advantage of this program to help achieve the dream of homeownership,” said HCRA Director Kametra Driver. “A driving force behind revitalizing a community is homeownership because it generates wealth-building opportunities that provide a pathway out of poverty, increase education attainment and job security, and improve health and well-being.”

Buyer Eligibility Requirements

• First-time home buyers who have not owned a home in the past three years
• Income at or below 120% Average Median Income (AMI)
• Provide 1% of property sales price
• Must be pre-approved by a mortgage lender

Property Eligibility Requirements

See Also

• New or existing single-family home or townhouse
• Must be located within the CRA boundaries
• Must be applicant’s primary residence
• Must be owner-occupied for 10-year period after closing
• Interested buyers should contact the HCRA at cragrants@cityofhomestead.com or 305-224-4480.

Haz clic para leer en Español: Homestead Community Redevelopment Agency ofrecerá ayuda a primeros compradores de vivienda

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