TALLAHASSEE, Fla. (WJHG/WECP) - Two new home ownership loan programs will provide affordable housing resources for those in Florida who were effected by Hurricane Michael. According to Governor Ron DeSantis, the Florida Housing Finance Corporation plans to move ahead with two new loan programs that will assist the impacted counties. Housing remains a huge concern for victims who have been displaced by the hurricane.
"Florida Housing is proud to work alongside the state and local officials to provide a safe and affordable housing opportunity for Floridians," Executive Director of the Florida Housing Finance Housing Corporation Trey Price said. "These down payment assistance programs will help rebuild the Panhandle communities."
The homeownership programs are expected to launch in early June and will offer a 30-year fixed rate first mortgage coupled up with $15,000 in down payments. Those who are eligible do not have to be a first-time buyer to qualify for these programs, though the home must be owner-occupied.
Florida's Housing's Board of Directors recently took a vote and approved funding to build seven new developments that will provide 200 units of affordable housing. Those developments will be in Bay, Gulf, Jackson, and Walkulla Counties. The Homeownership Pool Program will offer a $1 million pool of Federal funds to be available to those counties effected.
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