First-time homebuyers have another reason to consider purchasing in the Uptown area, thanks to the new “Live Uptown” Down Payment Assistance Program from Uptown Consortium, Inc. (UCI) and The Home Ownership Center of Greater Cincinnati.
Debuted at a press conference hosted by UCI and The Home Ownership Center on Thursday, Oct. 6, the incentivized program offers more than 50 down payment assistance grants, each for $1,500 per buyer, to those purchasing a home in Mt. Auburn, Clifton, Corryville, Avondale or Clifton Heights/University Heights/Fairview Heights (CUF). Homebuyers who have not owned a home in Cincinnati in the last three years are eligible to apply, and must live in the home for five years as an owner-occupant. The grants can be applied to down payments, closing costs and out of pocket costs.
Beth Robinson, Uptown Consortium President and CEO, highlighted that the program will encourage individuals who were unable to keep their homes as a result of the housing crisis of 2008 to invest in the Uptown area.
President and CEO of The Home Ownership Center of Greater Cincinnati Rick Williams noted that home ownership will always be important to neighborhoods. The “Live Uptown” Down Payment Assistance Program connects new home buyers to five historic neighborhoods located near several great Cincinnati institutions that are some of the largest employers in the city.
The “Live Uptown” program is supported by four participating lenders: Huntington Bank, Third Federal Savings and Loan, Union Savings and US Bank.
To learn more information about the “Live Uptown” Down Payment Assistance Program, contact The Home Ownership Center at (513) 961-2800.