Columbus organization offers aid to first-time homebuyers

COLUMBUS, Ohio ( WCMH ) – If you’re looking to buy your first home, a newly launched program can help pay for it.

The Columbus organization Homeport, along with the Federal Home Loan Bank, is sponsoring the multi-million-dollar effort announced Monday.

They are providing $5 million in down payment assistance for qualifying homeowners in Franklin County.

The program will offer $25,000 grants to be used for a downpayment on a home, closing costs, or principal reduction aid.

In order to qualify, applicants must:

• Be a first-time, first-generation homebuyer.
• Take part in home-ownership education through Homeport.
• Meet certain HUD-approved income requirements.

The eligible properties are single-family homes located within Franklin County.

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