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Phoenix IDA News.
Today's articles:
  • New loan products attract more local homebuyers
     
  • How is Home in Five Advantage helping homebuyers? 
     
  • Hispanic Association of Real Estate Professionals Panel on Down Payment Assistance
     
  • Southwest Human Development celebrates 25 new early childhood development graduates
     
  • "Chicanos Por La Causa, Dime Quien Eres” is a must see documentary

Advancing Homeownership

New loan products attract more local homebuyers

The Home in Five Advantage program is seeing an exciting upturn in home loan applications resulting from a recent launch of more attractive loan options. The program has received 25% more applications in the past four months than for the same time last year.

Home in Five Advantage's new loan products offer homebuyers the lowest down payment assistance interest rates in Arizona on government and conventional loans. By working through trained local lenders, qualified low- and moderate-income homebuyers may now receive up to 7% down payment assistance. 

The program also offers additional help to more targeted groups than similar programs in Arizona. U.S. military personnel, veterans, K-12 teachers, and income-qualified individuals who earn up to $36,450 can receive up to 1% more for their down payment and closing costs.

The Home in Five Advantage program has impacted thousands of lives and generated millions toward the local economy. The Maricopa and Phoenix IDAs will continue to evolve the program to increase the number of individuals and families who achieve the American dream of homeownership.

Learn more about the Home in Five Advantage program

How is Home in Five Advantage helping homebuyers? 

Check out these performance metrics:
Home in Five Advantage performance metrics as of June 2019

Hispanic Association of Real Estate Professionals Panel on Down Payment Assistance

The Phoenix IDA is partnering with the Hispanic Association of Real Estate Professionals, Trellis, and Chicanos Por La Causa to discuss down payment assistance on Wednesday, July 17, 2019.  The Home in Five Advantage Program, developed in 2012 by the Maricopa and Phoenix IDAs, is designed to help low- and moderate-income families become homeowners by providing up to 7% down payment assistance for homes in Maricopa county.

If you are interested in attending this luncheon to learn more about down payment assistance programs available across the community, please register here.

Learn more about HAREP
HAREP Homeownership is Within Reach event flyer

Recent Investments

Southwest Human Development celebrates 25 new early childhood development graduates

Congratulations to the 25 recent graduates of Southwest Human Development’s Child Development Associate Credential Program! The Phoenix IDA is proud to be a supporter of this training program that helps parents of children enrolled in Head Start and Early Head Start programs begin new careers while also improving early childhood education for thousands of young children throughout the Valley.
 
Many of these recent graduates have already secured positions in the early childhood field or will be pursuing additional higher education opportunities.
 
Learn more about Southwest Human Development’s programs and services
 
SWHD CDA 2018-2019 graduates

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"Chicanos Por La Causa, Dime Quien Eres” is a must see documentary

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