Yes, the Florida Hometown Heroes Down Payment Assistance (DPA) program is active and continues to support eligible homebuyers. As of July 1, 2024, the program underwent significant enhancements to broaden its reach and effectiveness. Key updates include:
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Increased Assistance Amount: The maximum down payment and closing cost assistance has been raised to $35,000 or 5% of the first mortgage loan amount, whichever is less.
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Expanded Eligibility: Previously limited to frontline workers, the program is now available to all working Floridians who meet the eligibility criteria.
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Additional Funding: An extra $100 million has been allocated for the 2024-2025 fiscal year to meet the growing demand for assistance.
These enhancements aim to make homeownership more accessible to a broader range of Floridians. If you’re considering purchasing a home, it’s advisable to explore the current benefits and determine your eligibility for the Hometown Heroes program.
For the most accurate and up-to-date information, please visit the official Florida Housing website.
Florida’s Hometown Heroes Program Expands to Support More Homebuyers