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Providence Journal: R.I. Housing to launch new down-payment assistance program

Published on May 12, 2017

By Christine Dunn

Journal Staff Writer

PROVIDENCE, R.I. — Rhode Island Housing plans to hold launch its “First Down” program Friday to offer offer down-payment assistance to eligible first-time home buyers. The program is designed for people buying homes in Rhode Island communities hardest-hit by the foreclosure crisis.

The down-payment assistance is available for buyers purchasing a one- to four-family home or condominium in one of the selected areas, and the property must be the buyer’s primary residence. Buyers must also obtain a Rhode Island Housing first mortgage through a participating lender or Rhode Island Housing.

On Friday morning, Providence Mayor Jorge Elorza, Pawtucket Mayor Don Grebien and Warwick Mayor Scott Avedisian are expected to join Barbara Fields, executive director of Rhode Island Housing, for a formal announcement in Providence.

Courtesy of the Providence Journal

Published in Local Interest Affected cities: Rhode Island