Providence American: Mayor Elorza Announces Down Payment and Home Repair Assistance for Homebuyers
PROVIDENCE, RI - Mayor Jorge Elorza today announced funding opportunities for residents looking for both down payment assistance for home purchases and loans for home repairs.
“The City of Providence is making significant investments in its homeowners and homebuyers,” said Elorza. “We are building stronger communities by offering these loans and assistance programs and would like for eligible residents to take advantage of them.”
Federal Community Development Block Grant (CDBG) and HOME Investment Partnerships funding through the U.S. Department of Housing and Urban Development (HUD) have become integral tools in the redevelopment of communities in Providence and have emerged as a supplemental tool to the EveryHome program, aimed at eliminating abandoned properties in Providence.