City of Austin Down Payment Assistance Not Accepting Applications Until Fall 2010

By
Real Estate Agent with Realty Austin

Email received just now from Sheri Munquia from the Austin Housing Fiance Corporation:

 

Dear Partners:

 

Together, we have helped many qualified families become homeowners by issuing over 2 million dollars in down payment assistance in Fiscal Year 2009-10.  Consequently, the funds for Fiscal Year 09/10 have been committed. With continued support for the Down Payment Assistance Program, the City anticipates new funding for the program at the beginning of the fiscal year.

Effective immediately, the Austin Housing Finance Corporation will not be accepting Down Payment Assistance applications until the Fall of 2010.

 

Thank you for your continued partnership to assist individuals in our community with Down Payment Assistance, which has been a key instrument in transforming the dream of home ownership into a reality for many families.

 

Creating and retaining affordable housing is essential to ensuring Austin remains a vibrant place to live and work. We appreciate your partnership and look forward to working with you in the coming fiscal year.


Comments (2)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Shawn, the fallout of all the States and Cities being in a financial red ink. I find many people can make the payments and could buy a home if they had help with the Down Payment, is it not what affluent parents do for their kids for the same reason?

Jul 29, 2010 01:48 PM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Shawn,

Thank you for taking the time to read and comment on my post this past week in reference to full and part time agents.

Looks like it's been awhile since you put a post up. 

Hope all is well in Austin for you.

Nov 22, 2010 01:38 PM