The Housing Financing Corporation successfully concluded a $10,000,000 bond allocation in loan funds for placing low-to-moderate-income families into their first homes.  The program provided low fixed rate interest and 30 year financing with 4% down payment assistance to qualified borrowers.  The program successfully originated the first bond allocation resulting in 117 loans.  Regional lenders requested continuation of the program into 2007 and the Housing Finance Corporation submitted a second application for another allocation of $10,000,000 in loan funds. 

The program has served the region since 1996 and during the past years 812 home loans have been originated, $1,498,287 in down-payment assistance has been provided and $44,839,655 in loan funds have been made available to low-to-middle-income homebuyers