We've awarded $725,325 to nine organizations for providing downpayment assistance to first-time homebuyers. The awards are funded by the document recording fee, which we use to expand the state's supply of homeownership housing for low and very low-income families and individuals, with particular focus on underserved populations.
The newly awarded funds will allow the organizations to continue or expand their existing downpayment assistance programs. The programs give qualified buyers who have completed a homebuyer education program up to $5,000 for a downpayment and/or closing costs.
The assistance may not fix our fragile housing market, but it will provide affordable housing for many families, which is at the heart of OHCS's mission.
For more details on how to access downpayment funds please contact one of our partners below.
