The Florida Housing Finance Corporation announced today that the Florida Hometown Heroes Housing program has provided over $50 million in down payment and closing cost assistance to help Florida’s workforce purchase homes. Since the launch of the third cycle of funding on July 1, 2024, the program has allocated a total of $61.3 million to 3,745 families across the state. Veterans, active-duty military personnel, nurses, teachers, and law enforcement officers are among the primary beneficiaries.
“Florida Housing is proud to have assisted thousands of Florida’s workforce in reaching the goal of homeownership within the communities they work and serve,” said Angie Sellers, Chief Financial Officer of Florida Housing Finance Corporation. “The Hometown Heroes Program changes lives. Florida Housing is honored to play a part in helping our neighbors afford a home and communities grow. We appreciate the Governor’s continued support of Florida’s hardworking families.”
The Florida Hometown Heroes program aims to make homeownership affordable for eligible community workers by offering competitive first mortgage interest rates and other benefits to those who have served or continue to serve their country. Eligible homebuyers can receive up to 5% of their first mortgage loan amount (up to a maximum of $35,000) as a 0%, non-amortizing, 30-year second mortgage. To qualify, homebuyers must connect with one of Florida Housing’s participating loan officers, have a minimum credit score of 640, work full-time for a Florida-based employer, and meet the income threshold for their county.
For more information on the Florida Hometown Heroes Housing Program, please visit www.floridahousing.org/hometownheroes.