The Homeownership Initiative Program in Pottstown just got a healthy jolt--IT DOUBLED! This time it's in your favor, Mr. (and Miss-don't want to leave anyone out!) and Mrs. Homebuyer in Pottstown!  Usually, we're dreading gas prices, taxes, food prices etc. doubling and we all know what it feels like when those prices are doubling by leaps and bounds these days. But this time you're receiving - not giving!

 This program began several years ago with money that was received through the Montgomery County Revitalization Fund.  It's purpose is to provide forgiveable loans to new homebuyers in Pottstown to make improvements to their homes.  The original program was set up for a single residence to have a $5000 maximum available.  That limit has just jumped to $10,000.  How great is that? The program was also created to try and encourage the conversion of Pottstown's many multi-unit properties back into single family homes.  Originally there was a $5000 limit per unit removed-that has just doubled for the first unit to $10,000 and remained at $5000 for each additional unit.

The new guidelines apply to all applications made on or after July 1 for any property located in the boundary area and purchased on or after July 1, 2007. As of this time, the program has been extended through Feb 1, 2010. 

Sounds pretty good, doesn't it?  For more details on Pottstown's Homeownership Initiative Program you can visit  http://www.pottstown.org/economic-Information.htm

 

Faith LaRosse
Coldwell Banker Diamond Realtors
350 W. Main Street, Collegeville, PA 19426
cell: 610 996-3195
office: 610 489-7700 ext: 3607
www.FaithLaRosse.com SoldbyFaith@aol.com

 

5 Comments on Pottstown's Homeownership Initiative loans get a boost to $10,000 for New Buyers!

JUN
29
2008

What a nice gift for the home owner, here in Dallas they have limited applications usually run out by 1st month of each year, however I love it for Dallas homes for sale assist people to purchase a home good luck Dallas homes for sale, Call 972-699-9111 Lynn 911 Dallas Top Real Estate Agent, Dallas homes for sale, Dallas home foreclosures for sale, Dallas homes for sale, Dallas foreclosures, Dallas apartments for rent, Dallas apartment rentals, http://www.lynn911.com , http:// dallasapartmentforrent.blogspot.com/
10:01am • #1
1,952,070 Points 478 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Great program.  Your township is to be commended.  This is the type of help that brings first time home buyers out. 

I spend a lot of time looking for help for buyers.  It helps the buyers and it helps our agents. 
10:02am • #2
JUN
30
2008
1 Featured Post

Sounds like a wonderful program. Can the moneys be used to purchase the home?
10:24am • #3
136,808 Points 2 Featured Posts Localism Sponsor Outside Blog

No,that would be great, wouldn't it?  It's strictly for renovations, Michael.
2:38pm • #4
JUL
01
2008
1 Featured Post

There is (or used to be) a Montgomery County Grant program that would contribute up to $10,000. to help first time home buyers  buy a home, but when prices in the area rose so sharply, no one seemed to qualify. The renovation grant sounds like a great opportunity.
8:35am • #5


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