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Public hearing for First Time Homebuyer Program featured in Canton Nov. 19

Posted 11/18/13

CANTON -- Persons with low to moderate incomes who want to purchase their first home are invited to a public meeting regarding the county's application for the First Time Homebuyer Program Tuesday, …

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Public hearing for First Time Homebuyer Program featured in Canton Nov. 19

Posted

CANTON -- Persons with low to moderate incomes who want to purchase their first home are invited to a public meeting regarding the county's application for the First Time Homebuyer Program Tuesday, Nov. 19 in County Courthouse Room 226, 48 Court St., Canton.

Persons with special needs who could benefit from the project are particularly encouraged to attend.

The hearing will be held at 7 p.m. in Room 226 of the County Courthouse, located at 48 Court Street in Canton.

Staff from the County Planning Office and the North Country Housing Council will provide an overview of the County’s intent to apply for a $750,000 grant that will assist income-eligible homebuyers in purchasing their first home.

The program helps low to moderate income households who are having difficulty saving enough funds to buy their first home.

If funded, the county anticipates the program will assist 20 to 25 households with down payment and closing cost assistance, and cover minor repairs to the purchased home.

To receive financial assistance, participating households are required to attend classes to learn about household budgeting; the mortgage application process; the day-to-day challenges of homeownership; and caring for and maintaining a home.