TALLAHASSEE, FLORIDA – Governor Ron DeSantis introduced that the Hometown Heroes down fee help program reached $20 million in functions inside the first week of launching this system’s second 12 months of funding, which incorporates $11 million in functions on the primary day alone.
With the help of the Governor and Legislature, the Hometown Heroes program was expanded to permit much more hardworking Floridians to make the most of this help when buying their first residence within the communities that they serve.
Final 12 months, this system offered greater than $100 million for Florida’s hometown heroes.
This 12 months, the Hometown Heroes Program was included within the Dwell Native Act, which was signed by Governor DeSantis in March. For extra data on the Dwell Native Act, click on right here.
“In its first 12 months of funding, the Hometown Heroes Program helped greater than 6,700 first responders, veterans, nurses, and educators buy properties within the communities they serve,” stated Governor Ron DeSantis. “Now that this system is expanded, I sit up for serving much more Floridians within the coming 12 months.”
“The Hometown Heroes program has shortly grow to be Florida Housing’s hottest homeownership help program,” stated Mike DiNapoli, Govt Director of Florida Housing Finance Company. “Down funds and shutting prices are one of many greatest boundaries to homeownership for lots of households and with these up to date tips we’re already seeing a rise in curiosity as extra hardworking people are actually eligible for this help. We’re honored to be entrusted with the assets to manage this program and proud to help Floridians on their path to homeownership.”
This system is now out there to all Florida hometown staff in any occupation who earn lower than 150% of their county’s space median earnings (AMI).
Moreover, hometown heroes can now apply for a most down fee help quantity of $35,000.
Governor DeSantis introduced the preliminary launch of Hometown Heroes in June 2022 and in only one 12 months all the funds initially allotted to it had been expended, offering 6,753 households with the mandatory monetary help to buy their first residence.
After witnessing this success, the Florida Legislature allotted $100 million in extra funding for this system by way of the Dwell Native Act.
To be eligible for the Hometown Heroes program, homebuyers should have a minimal credit score rating of 640, be a first-time homebuyer, and earn lower than 150% AMI in keeping with their native county knowledge. To get began, consumers should join with one in every of Florida Housing’s taking part mortgage officers.
For extra data on the Florida Hometown Heroes Housing Program or to attach with a mortgage officer in your space, please go to www.floridahousing.org/hometownheroes.