LINCOLN, NEB. (March 27, 2008)—High Plains Community Development Corporation (CDC) in Chadron, Neb., has received $100,000 in 2007 Nebraska Affordable Housing Trust Fund (NAHTF) set-aside money to continue its homebuyer assistance program for low- and moderate-income home buyers living in Dawes, Sheridan, Sioux and Box Butte counties. The NAHTF is administered by the Nebraska Department of Economic Development.
To date, High Plains CDC has provided 100 families living throughout Nebraska’s northern panhandle counties with closing cost assistance. This $100,000 award will allow the Corporation to help 23 additional homebuyers—five will be at or below 100 percent of the Area Median Income (AMI) and 18 new homebuyers will fall at or below 80 percent of the AMI. The new homebuyers will receive up to $3,500 closing cost assistance, and all homebuyers will need to provide a minimum $500 toward their own closing costs.
High Plains CDC works with area lenders to approve the homebuyers that may qualify for the homebuyer assistance program. All qualifying homebuyers are required to participate in High Plains CDC’s bi-monthly homebuyer education classes and housing counseling program.
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