“Hardest Hit” helped home buyers who needed down payment assistance
“I think it’s going to affect Millennials dramatically,” said Smith and Associates Realtor Nick Janovsky.
The “Hardest Hit” fund could soon be available for some Florida homebuyers again.
“It gives them extra buying power and it’s great for the market. It’s great for the economy,” said Janovsky.
The federal assistance fund, initiated in February of 2010, made $15k available to first-time homebuyers for down payment assistance. The loan was forgiven after five years if the buyer remained in the house.