In addition to the down payment resources that your housing counseling agencies may bring to the table to match or leverage your investment, your local municipality may also be willing to invest with you.
Local government benefits from increased homeownership and the community stabilization that homeowners provide. Some companies are located in neighborhoods with aging housing stock that require repairs, or are targets of revitalization efforts in the community. In some instances, in addition to the employer-provided incentive, municipalities have provided additional down payment or repair dollars to assist employees who are purchasing homes.
Working with Municipalities
In addition to the down payment resources that your housing counseling agencies may bring to the table to match or leverage your investment, your local municipality may also be willing to invest with you.
Local government benefits from increased homeownership and the community stabilization that homeowners provide. Some companies are located in neighborhoods with aging housing stock that require repairs, or are targets of revitalization efforts in the community. In some instances, in addition to the employer-provided incentive, municipalities have provided additional down payment or repair dollars to assist employees who are purchasing homes.