The Palms at Venetian Bay has implemented a down payment assistance program in partnership with Mid-Florida Housing Partnership Inc. , a 501(c)3 charitable organization with an affordable housing mission, implemented to its affordable housing commitment in the Development Agreement (PUD) with the City of New Smyrna Beach. Mid-Florida Housing Partnership will be administering the program.
The program is available for newly constructed single family or modern duplex homes in the Palms at Venetian Bay Phases 3, 4, & 5.
In order to qualify, the applicant's household income must be between 80% and 140% of the median income for Volusia County. The 2021 median income limits are listed above according to the HUD.
Upon acceptance to the program, buyers can receive up to $10,000 in down payment assistance towards the purchase of their newly constructed home.
There are extra incentives for our local heroes: there will be no application or lender origination fee for school teachers, police officers, firefighters, EMT, healthcare workers, active duty military, veterans, and/or Department of Defense employees.
Applications or requests for more information can be sent to Lydia Gregg at Mid-Florida Housing Partnership (386) 274-4441 Ext. 304 or Lydia.Gregg@mfhp.org .
Full program details can be found at the following link: