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Raleigh funds 2 housing programs

OCT 8, 2015

The City Council has agreed to temporarily fund programs to help new home buyers while Raleigh leaders finalize a plan for affordable housing.

Staff from the neighborhood and communities department asked the council to release $1.5 million in affordable housing bonds to fund assistance programs for first-time home buyers and for home repairs.

The money will fund the programs through the end of the year, said Larry Jarvis, Raleigh’s director of housing and neighborhoods.

The home ownership program helps new home buyers pay the down payment and closing costs. The home-repair program helps cover costs for things like HVAC repair and roof replacements.

 


Read more here: http://www.newsobserver.com/news/local/community/midtown-raleigh-news/article38199969.html#storylink=cpy
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