The Core City Home Buyer Incentive Program provides a down payment/closing cost incentive to encourage homebuyers at all income levels to buy homes in the defined areas of the Core City, thus encouraging greater income diversification within the Core City.
Program parameters include the following:
Assistance amount is $5,000
Five-year loan at 0% interest and forgiven at 20% per year
Property sales price not to exceed $200,000
No income limits
Property must be located in the Core City or Springbrook Meadows