New Hampshire Housing launches Community Heroes Homebuyer initiative
BEDFORD, New Hampshire – In recognition of the essential services that essential frontline workers in New Hampshire provided during the COVID-19 pandemic, New Hampshire Housing has launched a special initiative to help them become homeowners. New Community Heroes Initiative offers a $ 3,000 closing cost credit to eligible first-time homebuyers who finance through one of New Hampshire’s housing programs More mortgage programs.
Eligible borrowers include healthcare workers, daycare workers and the elderly; law enforcement officers, firefighters and first responders; educators; and active members of the armed forces. The Community Heroes Initiative provides a grant of $ 3,000 directly to the lender in the form of a closing credit, and the borrower is not required to repay this credit. The program’s revenue cap is $ 135,300 and funding for this initiative is limited.
“It is our privilege to help these essential workers who want to become homeowners,” said Ignatius MacLellan, general manager of the homeownership division of New Hampshire Housing. “These people have provided essential services to the communities of Granite State, and they and their families have made many sacrifices during this extraordinary time. New Hampshire Housing is pleased to be able to offer them this special assistance to help them become homeowners.
New Hampshire Housing reserves the right to suspend or terminate this initiative at any time. Proof of current employment with an eligible organization is required. All borrowers will be required to sign an affidavit at closing stating their eligibility.
About New Hampshire Housing:As a self-sustaining public enterprise, the New Hampshire Housing Finance Authority promotes, finances and supports affordable housing. The NHHFA operates rental and homeownership programs designed to help low and moderate income people obtain affordable housing. We’ve helped over 50,000 families buy their own homes and helped fund the creation of over 15,000 multi-family homes.
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