By: Brianna Fayerverger
If you are searching for a new home in Southern Nevada, things are looking up for you. U.S. Senator Catherine Cortez-Masto secured funding in Nevada to help home buyers in certain zip codes. The Treasury Department released $17.9 million in down payment assistance for those who have been hit hardest by foreclosures.
U.S. Senator Catherine Cortez-Masto released a statement following the funding:
“I worked closely with Treasury to secure this assistance, and I’ll continue working with the Administration to ensure the timely release of resources that help prospective home buyers in the Silver State,” Cortez-Masto said. “I appreciate the Nevada Affordable Housing Assistance Corporation and Nevada Housing Division leaders who made sure the program met the requirements so we could utilize all the funds awarded.”
This is the second time the Down Payment Assistance [DPA] program has released funding to the state.
The funding will help 900 Nevada families with a down payment on a single-family home, condo, or town home. To qualify borrowers cannot have an annual income greater than $98,500, cannot own another property, and must complete a home buyer education course. The purchase price of the property may not exceed $400,000.
The following Nevada zip codes are eligible: 89030, 89048, 89060, 89101, 89102, 89103, 89104, 89106, 89107, 89108, 89109, 89110, 89115, 89119, 89120, 89121, 89122, 89146, 89156, and 89169.
Anyone who wishes to apply for funding can reach out to the Nevada Affordable Housing Assistance Corporation at 888-320-6526 or visit HomeIsPossibleNV.org.