Establishes the CareForce first-time homebuyers program for care workforce employees.
The CareForce first-time homebuyers program provides below-market mortgage financing and forgivable down payment assistance to eligible first-time homebuyers in the care workforce. Eligible borrowers must be employed in qualifying care workforce occupations, have household income within county-specific limits, and purchase a home within a reasonable commuting distance of their employment. Mortgages under the program carry an interest rate 0.50% below the prevailing agency rate.
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