Minnesota SF1610 modifies the community-based first-generation homebuyers assistance program, appropriating funds for down payment assistance.

Minnesota SF1610 amends the community-based first-generation homebuyers assistance program by appropriating funds for down payment assistance. The program, administered by the Midwest Minnesota Community Development Corporation, provides grants to eligible households. Eligible households must include at least one adult who has never owned a home or lost a home to foreclosure. Assistance is limited to ten percent of the purchase price of a one or two unit home, up to $32,000.

Minnesota SF1610 modifies the community-based first-generation homebuyers assistance program, appropriating funds for down payment assistance.

Minnesota SF1610 amends the community-based first-generation homebuyers assistance program by appropriating funds for down payment assistance. The program, administered by the Midwest Minnesota Community Development Corporation, provides grants to eligible households. Eligible households must include at least one adult who has never owned a home or lost a home to foreclosure. Assistance is limited to ten percent of the purchase price of a one or two unit home, up to $32,000.