New Port Richey residents who want to live out the American Dream, but keep coming up short in the down payment department might have a place to turn.
Pasco County has announced that it released $400,000 on March 1 to help residents countywide with down payment assistance. The money comes from the State Housing Initiatives Partnership, or SHIP program for short. It enables the county to award $5,000 to $10,000 loans with no interest attached that qualifying residents can use for down payments on home purchases, according to the county's website.
Pasco County has a number of programs in place designed to help would-be homebuyers realize their dreams. The loans are available to applicants whose income is considered “very low” to “moderate.” For a family of four, the low end is an income of $28,400 to qualify. The size of the loan is based on income level.
Anyone interested in taking part in a homebuyer program sponsored by the county needs to attend a workshop. The county has the entire class schedule available on its website. Classes are offered throughout the county and there’s even a version offered that’s for Spanish speakers.
For more information on homebuyer assistance through the county and how to qualify, visit Pasco County online.