At a press conference at the Cape Coral Police Department on Monday, Governor Ron DeSantis announced a June 1 launch of the Florida Hometown Heroes Housing Program.
The program was created to help Floridians in more than 50 professions purchase their first home. Funding will be available to residents, including law enforcement officers, firefighters, educators, health care professionals, childcare employees, and active military or veterans.
The $100 million program will aid eligible professionals with down payment and closing cost assistance to help first-time, income-qualified homebuyers to purchase a primary residence in the community they serve.
The governor also announced his support for the almost $363 million appropriated for affordable and workforce housing in the 2022-2023 budget, the highest total in 15 years.
To qualify, homebuyers must connect with a participating loan officer, have a minimum credit score of 640, provide certification for one of the eligible occupations and meet the income threshold for their county. Eligible borrowers will receive up to 5% of the first mortgage loan amount up to a maximum of $25,000 in down payment and closing cost assistance in the form of a 0%, non-amortizing, 30-year deferred second mortgage.
The Florida Housing and Finance Corporation administers the program. It is geared toward expanding on Florida’s existing housing programs to reach critical workers and those who have served our country.
For more information, please visit www.floridahousing.org/hometownheroes.