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Pasco County Florida Will Release $1 million in Homebuyer Assistance Starting December 7, 2009

By
Real Estate Broker/Owner with Aloha Kai Real Estate

Pasco County Florida will release $1 million in homebuyer assistance as a Thanksgiving gift to its citizens.

 

The funds will be allocated as follows:



$500,000 will be available to purchasers of brand new homes. The maximum sales price is $240,000, and limited to families that earn less than 80% of the median income (currently $47,350 for a family of 4). Maximum assistance is $15,000.

 

$200,000 will be available as additional assistance to first time homebuyers accessing funds through the Florida Homebuyer Opportunity Program. Right now, homebuyers can obtain the Federal First –Time Homebuyer Tax Credit of $8,000 up-front to help them purchase a home. Pasco County will provide an additional $10,000 in downpayment assistance to those applicants. These funds will be available to families earning less than 120% of the median income ($71,040 for a family of 4).

 

$300,000 will be available to all other homebuyers. Pasco County will lend $3,000 to homebuyers for downpayment assistance and closing costs. These funds will be available to families earning less than 120% of the median income ($71,040 for a family of 4).

 

This assistance will not be available to applicants purchasing homes assisted through the Neighborhood Stabilization Program.

Funds will be available December 7, 2009.

Contact the Community Development Division for information:

(727) 834-3445 New Port Richey

(813) 996-7342, ext 3445 Land O'Lakes

(352) 521-4274, ext 3445 Dade City

Posted by

                                              

Lana Robbins - Licensed Real Estate Broker and Sales Manager

Aloha Kai Real Estate

Direct Line: (727) 376-0530

Email: Lana@AlohaKaiFlorida.com

 

Florida Real Estate

 

Ed Hinman - Vice President of Residential Real Estate Division

 Ed
Copyright © 2008 - 2021 Lana Robbins. All Rights Reserved


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