$5,000 Down Payment Help Makes All The Difference For This Michigan Couple

Amber Geiersbach and Adam Hook bought their first home in Port Huron, MI with the help of a $5,000 down payment  grant from Port Huron’s Urban Pioneer Program. For this couple – and many others in a similar situation – the incentive program made the difference between having to rent of qualifying to buy their own residence.

In the last six weeks alone, 14 first time home buyers in the area have tapped the program in order to come up with the up front funds needed to buy their first property.

The Times Herald reports:

Amber Geiersbach and Adam Hook are all but settled in to their Seventh Street home.

They’ve gotten the keys, they’ve unpacked boxes, and they’ve put new coats of paint in the rooms of their first home.

“We love it,” Geiersbach said.

“To be in a house and have all this extra space and a yard for our son to play in one day, it’s nice.”

But the May purchase of their Port Huron home wouldn’t have been possible without a little boost at the beginning of the purchase process, Geiersbach said.

The couple received a $5,000 grant through Port Huron’s Urban Pioneer Program to help with closing costs and the down payment.

Other first-time homeowners are doing the same.

Kim Harmer, planning director for Port Huron, said 14 new homes have been purchased in July and August using the Urban Pioneer Program.

From July 2014 to June 2015, a total of 25 homes were purchased in the city through the Urban Pioneer Program.

The program is managed by Port Huron’s community development office and funded by federal Housing and Urban Development community development block grants and federal HOME funds.

Harmer said the city gets between $150,000 to $200,000 each year to put toward the Urban Pioneer Program.

>> read the full article at thetimesherald.com


This entry was posted in Down Payment Assistance, First time buyer grants, First time buyer programs, Home Buying and tagged , , , , . Bookmark the permalink.