South Side homebuyers may get down payment help
-
Pima Neighborhood Investment PartnershipFamilies looking to buy foreclosed homes south of 22nd Street to Nogales Highway and Old Vail Connection can get down-payment help.
Homebuyers on the South Side can get down payment assistance of up to $15,000 under a program that runs through Nov. 30.
The Pima Neighborhood Investment Partnership is offering the boost to qualified buyers. Homes eligible for the program are located south of 22nd Street to Nogales Highway and Old Vail Road, between Camino Verde and Irvington Road, according to a news release from the Pima County Development and Neighborhood Conservation Department.
Couples with up to $58,000 in household income and families of four with an income of up to $72,500 can receive aid. A list of qualifying family sizes can be found at the Pima Neighborhood Investment Partnership website.
Under the program, which runs through the end of November, participants must contribute at least $1,000 to the down payment.
Funding for the program comes from a $22 million federal stimulus grant to Pima County in 2010 to make foreclosed and vacant homes in the target area energy efficient and affordable.
The program is a collaboration between the county, the city and seven non-profit groups, including Chicanos Por la Causa, Family Housing Resources, Old Pueblo Community Services and the Primavera Foundation.
Related stories
- Prof.: Not requiring court OK of foreclosures aided Az recovery
- Freddie Mac didn’t set out to profit from homeowners trapped in high-rate mortgages
- Advocacy group: Minority foreclosures get poor treatment from banks1
- Horne: $57M from mortgage settlement will help Az homeowners
- Tucson among nation’s poorest regions8
- Hispanic buying power on upsurge
- Foreclosure-forced moves no bar to voting
