The Vine City Renaissance program offers extra financial assistance to residents worth up to $10,000 in the form of a forgivable grant.
Up To $10,000 In Vine City Can Qualify For Extra Financial Assistance (PHOTO: The US Sun)
The Vine City Financial Assistance Renaissance Program
The Vine city financial assistance will go towards the down payment or closing costs if the fund is permitted, according to Invest Atlanta. Borrowers must plan to stay in the house for at least five years to participate, which is when the grant is forgiven in the Vine city.
This Vine city financial assistance can be used with a home in a renovation mortgage loan as well. Moreover, Participants must be able to qualify got a 30-year fixed-rate FHA, VA, or conventional mortgage loan and attend a renovation education course.
The Program In Vine City’s Financial Assistance Details
To qualify for the Vine City financial assistance only those houses inside Atlanta will qualify for the incentive. Single-family detached homes, two to four-unit townhomes, condominiums, and newly constructed properties will all be eligible.
There is no price limitation for the property to participate, but there are the following income limits must follow:
- one-person in a household, with an income worth $94,500
- two-person in a household, with an income worth $108,080
- three-person in a household, with an income worth $121,520
- four-person in a household, with an income worth$134,800
- five-person in a household, with an income worth$145,880
It’s also important to remember that there is a $1,000 program fee.
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