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Florida Housing payment help for first-time Clay homebuyers

Florida Housing payment help for first-time Clay homebuyers

CLAY COUNTY – The Florida Housing Finance Corp. will relaunch the Florida Hardest-Hit Fund Down Payment Assistance Program March 4 in Clay County.

This federal program was implemented to prevent foreclosures by stimulating home purchase activity and stabilizing neighborhoods in certain counties that demonstrated high levels on housing market distress. HHF-DPA provides up to $15,000 in down payment and closing cost assistance to eligible first-time homebuyers and is forgivable over five years. Florida Housing has successfully disbursed 100 percent of the over $1 billion in program funds allocated by the U.S. Department of Treasury two years ahead of schedule and is now using approximately $20 million in repayments of program loans to assist additional Floridians.

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