Federal Home Loan Bank restores down payment assistance grants (BizJournals)
Business First of Columbus - March 23, 2007by Adrian BurnsBusiness First
The Federal Home Loan Bank of Cincinnati has reinstated a grant program that could bring tens of thousands of dollars in homebuying assistance to low-income and handicapped Central Ohioans.
The American Dream Homeownership Challenge program, which provides down payment grants, sent $200,000 to Central Ohio between 2004 and last May, when the Federal Home Loan Bank suspended it over concerns that proposed government regulations would hurt the bank. For the most part, those regulations never came to fruition, so on March 6 the bank reinstated the program.
Tuesday, March 31, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment