Arizona HB2855 establishes a home buyer assistance program for eligible public service workers.

Arizona HB2855 creates a home buyer assistance program to provide low-interest mortgage loans with zero down payment and closing cost assistance to eligible home buyers. Eligible home buyers include those who have been continuously employed for five years as law enforcement officers, firefighters, or teachers. The program allows the use of loans for the purchase of newly constructed or existing homes, including cooperative or condominium forms of ownership. The Arizona Finance Authority administers the program, which is funded by legislative appropriations, loan repayments, and interest.

Arizona HB2855 establishes a home buyer assistance program for eligible public service workers.

Arizona HB2855 creates a home buyer assistance program to provide low-interest mortgage loans with zero down payment and closing cost assistance to eligible home buyers. Eligible home buyers include those who have been continuously employed for five years as law enforcement officers, firefighters, or teachers. The program allows the use of loans for the purchase of newly constructed or existing homes, including cooperative or condominium forms of ownership. The Arizona Finance Authority administers the program, which is funded by legislative appropriations, loan repayments, and interest.