Ron DeSantis launches housing program to help first responders, educators, military, veterans and healthcare workers
This week, Governor Ron DeSantis announced the June 1 launch of the Florida Hometown Heroes Housing Program to help Floridians in over 50 critical occupations buy their first home.
The Hometown Heroes housing program will be available to Floridians, including law enforcement officers, firefighters, educators, medical professionals, childcare workers, and active military or veterans. Including this $100 million program, the Governor also announced his intention to support the total of nearly $363 million allocated for affordable housing and the workforce in the 2022-2023 budget, the total highest in 15 years.
The program is administered by the Florida Housing and Finance Corporation (Florida Housing) and has the highest and most inclusive eligibility of any Florida Housing down payment assistance program. The program aims to expand Florida’s existing housing programs to reach essential workers and those who have served our country. Learn more about the program here.
“In Florida, we appreciate the contributions of our police officers, firefighters, teachers and nurses,” DeSantis said. “Our local heroes are the backbone of Florida communities and making sure they can afford to be homeowners is a great way to give back to them and support the future of the American Dream.”
“Florida Housing is extremely grateful to those who have remained committed to serving their communities, especially during these difficult financial times,” said Trey Price, executive director of Florida Housing Finance Corporation. “Hometown Heroes will provide the financial assistance needed to help these hard-working people finally achieve the American dream of homeownership, and we look forward to the positive impacts this achievement will have on so many Florida families.”
“The DEO is proud to stand with Governor DeSantis as he puts our state’s vital workers first, including our first responders, nurses and teachers,” said Department of Economic Opportunity (DEO) Sec. Danish Eagle. “These men and women are heroes who ensure that the critical needs of our communities are met, and we are grateful to be part of this initiative to show our gratitude.
“Florida’s booming real estate market has begun to rob our hometown heroes of life in the communities in which they serve,” said State Sen. Ed Hooper, R-Palm Harbor. “That’s why I introduced this bill, to help our local heroes realize the American dream of owning a home. These workers are incredibly brave, and throughout the pandemic they have kept us safe, taken caring for our families and educating our children. I think it is extremely important to give them help to buy a house considering the sacrifices they make every day.
Florida Housing received $100 million from the state legislature this year to establish and administer the Florida Hometown Heroes housing program. This program will help essential community workers in 50 different eligible occupations with down payment and closing cost assistance to help qualified first home buyers purchase a primary residence in the communities they serve. Funds will be available to book beginning June 1, which coincides with National Homeownership Month. This occasion celebrates the value that owning a home brings to families, communities and neighborhoods across America.
To qualify for this program, homebuyers must contact a participating loan officer, have a minimum credit score of 640, provide certification for one of the eligible occupations, and meet their county’s income threshold. . Eligible borrowers will receive up to 5% of the first mortgage amount (to a maximum of $25,000) as a down payment and closing cost assistance in the form of a 0% deferred second mortgage, with no amortization and over 30 years.
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