ARIZONA NEWS

Maricopa County helping prospective homebuyers with down payment assistance

Aug 8, 2023, 4:00 PM

(Pexels Photo)...

(Pexels Photo)

(Pexels Photo)

PHOENIX — A recently approved program will help hopeful Maricopa County homebuyers with down payment assistance.

Low-to-moderate families and individuals can receive federal funding from the American Rescue Plan Act as part of the partnership with the Industrial Development Authority of Maricopa County.

The program has been allotted $500,000 that will help at least 83 homebuyers, according to a press release.

“By working together, the county and its partners continue to make meaningful strides towards building a stronger and more resilient community where homeownership is a possibility for all,” Board of Supervisors Chairman Clint Hickman said in the release.

“This partnership between the Industrial Development Authority exemplifies Maricopa County’s dedication to fostering community development and effectively addressing housing affordability challenges.”

Those eligible for the funding must meet credit and underwriting guidelines. They must also have an annual income below 80% of the area median income, which is $74,000 for a family of four.

Homebuyers will receive a second forgivable seven-year loan that reduces each month they stay in the home.

More information is available online.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

side by side photos of two businesses that received funding from Valley Metro...

KTAR.com

Program provides $1M for Valley businesses impacted by light rail projects

At least $1 million in funding has been given to Valley businesses impacted by construction on light rail projects.

3 hours ago

(ABC15 Arizona File Footage)...

Nicole Grigg/ABC15 Arizona

After 25 years, Cookie Jacobson’s body has still never been found

Cookie Jacobson disappeared from her Tempe home 25 years ago. Her brother is making a plea to the public for possibly the last time for information.

7 hours ago

(ADOT Photo)...

Danny Shapiro

1st year down of massive Interstate 17 improvement project north of metro Phoenix

The first year of construction on a massive Interstate 17 improvement project north of metro Phoenix has been completed.

9 hours ago

Mugshot of Omar Rivas, who was arrested on multiple felony counts, including first-degree murder, o...

KTAR.com

Woman dead, man in jail after gunfire erupts during Phoenix home invasion

A woman is dead and a man is in jail after gunfire broke out during an apparent home invasion attempt in south Phoenix early Monday, authorities said.

12 hours ago

man walking along border fence to pick up trash...

KTAR.com

With Biden making his way to Arizona, border officials plea for impactful change

As Biden prepares to make his second trip during his presidency to Arizona, border officials are emphasizing the need for change.

13 hours ago

Follow @KTAR923...

Sponsored Content by Schwartz Laser Eye Center

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.

Sponsored Articles

...

Ignite Digital

How to unlock the power of digital marketing for Phoenix businesses

All businesses around the Valley hopes to maximize their ROI with current customers and secure a greater market share in the digital sphere.

...

Mayo Clinic

Game on! Expert sports physicals focused on you

With tryouts quickly approaching, now is the time for parents to schedule physicals for their student-athlete. The Arizona Interscholastic Association requires that all student-athletes must have a physical exam completed before participating in team practices or competition.

...

DAY & NIGHT AIR CONDITIONING, HEATING AND PLUMBING

Here are the biggest tips to keep your AC bill low this summer

PHOENIX — In Arizona during the summer, having a working air conditioning unit is not just a pleasure, but a necessity. No one wants to walk from their sweltering car just to continue to be hot in their home. As the triple digits hit around the Valley and are here to stay, your AC bill […]

Maricopa County helping prospective homebuyers with down payment assistance