Port St. Lucie is starting a new homebuyer program with the Community Land Trust to help first-time homebuyers. They can get up to $100,000 in assistance for their down payment. The homebuyer program aims to help people who find it hard to afford homes in Florida.
New Homeownership Program in Port St. Lucie Offers Up to $100,000 Assistance for First-Time Buyers
According to the published article by TC Palm, Port St. Lucie is starting a new homebuyer program to help people buy homes. They’re working with the Community Land Trust of Palm Beach County and the Treasure Coast. This homebuyer program gives up to $100,000 to people who qualify and agree to keep their homes affordable in the future. You can apply from June 12 to June 17, and there are meetings on June 5 to learn more.
This homebuyer program gets its money from the federal American Rescue Plan. It’s for people who live or work in Port St. Lucie and want to buy their first home. To get help, you need to meet some rules, like having a certain credit score and income. They’re starting with a small group of people to see how it goes, but they might help more people later if it works well.
READ ALSO: $90,000 Or Less: Colorado Governor’s New “Colorado Promise” Initiative Makes Higher Education Affordable For Low-Income Students – Are You Qualified?
$100,000 Down Payment Assistance: Port St. Lucie Unveils New Homebuyer Program to Address Affordability Gap – Check It Now! (PHOTO: WPBF)
Port St. Lucie Expands Homeownership Program Funding Amid Plans for Future Growth
Furthermore, the city council agreed to give more money to this homebuyer program, but they want to wait and see how it goes first. They’ll talk more about it in July. The Community Land Trust has already sold homes to people with lower incomes before. They’re working to help more people find affordable homes in Port St. Lucie.
READ ALSO: DC Budget Boost: Council Approves $700 Million Plan With Tax Hikes And Reallocated Funds – Mayor Bowser Warns Of $530 Million Impact On Taxpayers
