News & Event
PROVIDENCE – As part of its mission to build vibrant and sustainable communities, Rhode Island Housing, joined by Providence Mayor Jorge Elorza and Warwick Mayor Scott Avedisian, last week announced the relaunch of its popular “First Down” program, which provides $7,500 in down payment assistance to eligible first-time homebuyers purchasing a home in one of the Rhode Island communities hardest hit by the foreclosure crisis.
To date, more than 280 Rhode Islanders have taken advantage of the First Down program, and with this expansion, R.I. Housing expects to help an additional 800 families. First Down targets the six Rhode Island communities most affected by the foreclosure crisis: Providence, Pawtucket, Woonsocket, Warwick, Cranston and East Providence.
For more information on the First Down program, including eligibility guidelines and a list of participating lenders, call 401-457-1157 or visit www.firstdownRI.org .
Courtesy of The Valley Breeze