Although it doesn't appear to have been highly publicized, the City of Edmond announced back in April that they've started a new program to help first-time home buyers with down-payment and closing costs, up to $5,000. Their goal is to ultimately help city businesses lower their turnover rates by helping folks who work here in Edmond cut their commute time. Edmond has always been known as a commuter town, since the majority of residents work outside the boundaries of Edmond, however, in recent years, more commerce has come to the city, resulting in a lower percentage of commuters.

It's nice to see the city doing what they can to encourage these companies. I can see how this homebuyer assistance would be beneficial, not only in reducing turnover for local businesses, but also in helping more folks get started in home ownership, and spurring more growth in the Edmond Real Estate market. I applaud the City of Edmond for taking such steps and helping our overall city economy. Edmond really is a great place to live!