Live Local Act making affordable housing opportunities available for Florida's workforce
‘It gives home buyers hope to be able to purchase a home with down-payment assistance,’ Holly Meyer Lucas says
WEST PALM BEACH, Fla. — There's more hope for homebuyers looking to tap into Florida's hot housing market.
SB 102, also known as the Live Local Act, became available on July 1 for first-time home buyers to increase the availability of affordable housing opportunities for Florida's workforce.
It provides up to $35,000 on a down payment toward the purchase of a new home.
To qualify you have to work at least 35 hours a week and work for a Florida-based company. You don't even have to be a first-time home buyer, as long as you haven't owned a home in three years.
WPTV anchor Jay Cashmere spoke with Realtor Holly Meyer Lucas for more insight.
"It gives home buyers hope to be able to purchase a home with down-payment assistance. People don't realize that when you are buying a home, you have to be able to put a down payment, which sometimes can be 10, 20, $30,000," Lucas said. "This program enables those people to have 30 up to $35,000 toward their home purchase."
Lucas said the best thing to do is contact a lender in Florida to see how to qualify for the Live Local Act.
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News Station: WPTV
Article from WPTV written by: Aja Dorsainvil
ABOUT THE MEYER LUCAS TEAM AT COMPASS
The Meyer Lucas Team at Compass is an award winning, top producing real estate team based in the Jupiter area of South Florida and led by Holly Meyer Lucas. Consistently ranked among the leading real estate teams in the state and nation, Holly and her team take pride in providing premium luxury real estate services to our local communities across the Palm Beaches and Treasure Coast. While Holly is known locally and recognized nationally for her work finding homes for Jupiter's professional athletes and their families, the Meyer Lucas Team treats every buyer and seller like a VIP. Whether you are buying a home, selling a home, or investing in real estate, contact our team today to get the ball rolling on your next move. Learn more about the Meyer Lucas Team at www.meyerlucas.com.