The City of Fort Wayne has created a new program to assist potential new homeowners. The goal of the Homebuyer Education and Down Payment Assistance program is to attract nearly 200 new homeowners to the City over the next three years.
Community Connections, the housing division of Pathfinder Services, will assist the City to help potential homebuyers with homebuyer education, credit counseling and down payment and closing cost assistance. Homebuyer education is available for first-time and low to moderate-income homebuyers. Down payment assistance is available to households with incomes at or below 80% of the median income level, which is $49,050 for a family of four or $36,450 for an individual.
The target area for the program is citywide with an emphasis on downtown and near downtown. Residents interested in participating in the program should call Community Connections at 1-800-310-9510.
The program is funded through the Home Investment Partnership Program (HOME) from the U.S. Department of Housing and Urban Development.