City to help create Essential Workers Housing Fund – Tucson, Arizona

Date:

Tucson, Arizona 2022-05-25 21:51:46 –

Tucson, Arizona (KGUN) — Essential workers in Pima County looking to buy their first home in a highly competitive local market will soon be eligible for home purchase assistance.

Beginning in June, the Essential Workers Housing Fund will provide $ 625,000 to cover the cost of closing those who are participating in the Pima-Tuson Home Buyer Solutions (PTHS) Down Payment Assistance Program.

The fund is the result of a partnership between the City of Tucson and the Tucson Bureau of Industrial Development (IDA), covering up to $ 2,500 down payment or up to 1% of the initial mortgage amount.

“The city of Tucson is making a $ 500,000 transformational investment to give our key workers equal opportunities to own a home,” said Mayor of Tucson, Regina Romero. increase.

Designed to serve approximately 250 families in the region, the $ 100,000 fund will be donated by the Tucson Real Estate Agent Charitable Foundation.

“Our affordable crisis is affecting the professions most needed to keep our community functioning. This fund, coupled with existing down payment support, owns important workers’ homes. Enables Rights. Through this collaboration, Twson IDA has an immediate impact by bridging the gap in access to capital. “

Mayor Romero added, “During the pandemic, essential workers supported our economy. Now it’s our turn to help them during the home-buying process through this investment in Tucson IDA.” ..

Essential workers are defined by the Centers for Disease Control and Prevention as “people who perform a variety of tasks and services in industries that are essential to ensuring the continuity of key functions in the United States.”

The program works in conjunction with the Pima-Tuson Home Buyer Solutions Program, which has served more than 6,000 homeowners since 2012.

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Ann Simmons teeth KGUN9 Digital Content Producer.. Ann got her start on television while still a student at the University of Arizona. Prior to joining KGUN, she managed multiple public-access television stations in the Bay Area and worked as a video producer in the non-profit sector. Share story ideas and important issues with Anne by email anne.simmons@kgun9.com Or by connecting Instagram Also LinkedIn..

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