Establishes the CareForce first-time homebuyers program to provide below-market mortgage financing and forgivable down payment assistance to eligible.
The CareForce first-time homebuyers program, established under this bill, aims to support eligible care workforce borrowers by offering below-market mortgage financing and forgivable down payment assistance. Eligible borrowers must be first-time homebuyers, employed in qualifying care workforce occupations, and meet specific income and purchase price limits. Mortgages under this program carry an interest rate 0.50% below the prevailing agency rate.
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