Understanding the Key Differences Between Two Homeownership Assistance Programs
Understanding the key differences between two homeownership assistance programs.
First State Bank Nebraska’s partnership with the FHLBank plays a crucial role in promoting affordable homeownership in our communities with the Homeownership Set-Aside Program (HSP) and the Homeownership Possibilities Expanded Program (HOPE). These programs aim to provide assistance to homebuyers and address the challenges of attaining homeownership.
Homeownership Set-Aside Program
The Homeownership Set-Aside Program (HSP) is designed to provide financial assistance and support low- and moderate-income individuals purchase their first home. The program allocates a portion of the FHLBank’s annual funds specifically for this purpose. These funds are distributed through member financial institutions, like First State, allowing them to offer grants or subsidized loans to eligible homebuyers.
Key features of the HSP:
Applications open March 3, 2025.
Income must be
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Understanding the Key Differences Between Two Homeownership Assistance Programs
Understanding the key differences between two homeownership assistance programs. First State Bank Nebraska’s partnership with the FHLBank plays a crucial role in promoting affordable homeownership in our communities with the Homeownership Set-Aside...
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