Key facts
- A US city is launching a $21 million program to assist first-time homebuyers.
- The program offers up to $70,000 in financial aid per eligible individual.
- Applications for the program will commence on June 8.
- The initiative is projected to support between 300 and 400 first-time homebuyers.
A United States city is initiating a significant program aimed at boosting first-time homeownership. The program, with a total budget of $21 million, is designed to provide financial assistance of up to $70,000 to individuals looking to purchase their first home. The application window for this initiative is set to open on June 8. Officials anticipate that the program will successfully aid between 300 and 400 first-time homebuyers in achieving their goal of homeownership.