By Howard Fischer | Capitol Media Services
Key Points:
- Arizona governor allocates $5 million for down payment assistance
- Single applicants making under $94,000 qualify for assistance in Phoenix
- Qualifying buyers must complete a homebuyer education course to receive assistance
Some would-be homeowners in the state’s largest counties could get a helping hand from the state.
Gov. Katie Hobbs has allocated $5 million from the state’s share of federal COVID relief dollars to expand a program started last year that provides down payment assistance to first-time home buyers. That’s enough to provide $9,000 for 75 would-be homeowners in Pima County. The governor’s office said the additional dollars should help to purchase 65 homes in Maricopa County.
All this is in addition to an earlier $13 million program that provided financial assistance to about 500 home buyers throughout the state.
