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Local First Arizona (LFA), a nonprofit organization that celebrates independent, locally owned businesses, recently featured the Home in Five Advantage Program on its news blog. Below is an excerpt from the article titled, "Down payment assistance benefits homebuyers and the local economy."
"As home prices climb across the Valley, you may think buying a new home is beyond your reach. What if you had help with the down payment?
The Home in Five Advantage Program helped 17,000 homebuyers in the past five years and has made a major impact on their wealth and on the local economy. The Maricopa County and the Phoenix IDAs established the Home in Five Advantage Program in 2012 to provide down payment assistance to low- and moderate-income individuals and families to purchase new or existing homes.
The Program recently collaborated with local economists and found that during its first five years, the Home in Five Advantage Program created an economic impact of $400 million on the local economy... " Read the entire article on the Local First Arizona Blog
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