Pasco approves $20 million in home buyer assistance
In Print: Wednesday, March 11, 2009
$20M will be spent to help home buyers
More relief for low to moderate income home buyers is on the way soon, courtesy of Uncle Sam. Pasco County commissioners gave final approval Tuesday to a plan to spend nearly $20 million from the U.S. Department of Housing and Urban Development on a rescue program to be run through the county’s Community Development Department.
HUD officials recently signed off on the plan, which requires the money to be spent in 180 days. The bulk of the money will go toward fixing up distressed properties and selling them by offering qualified buyers no-interest loans. The rest is for down payment assistance. County officials expect to roll out the specifics to residents soon, said Community Development manager George Romagnoli.
Information will also be available at Chasco Fiesta and on the county’s Web site, www.pascocountyfl.net.
Another $2 billion in federal money is expected to become available this summer, Romagnoli said, but governments will have to compete for the grants.
The Pasco County CDD can be found at http://portal.pascocountyfl.net/portal/server.pt/community/citizens/299/department_page
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