The American Dream Downpayment Act
Can't afford to buy? How about a $5000 grant?
Need help to afford to buy real estate? Did you know you may be eligible to get approximately $5000 as a grant? Recently signed legislation will provide an average grant of $5,000. Over the next two years, these grants will go to about 80,000 lower-income families. The grant is for homebuyers, and can be used for a down payment and to pay closing costs.
Grants will be made to state and local governments through HUD's HOME Investment Partnership program. Additional information is here.