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Down Payment Assistance now available at one of our Geosam communities known as The Palms at Venetian Bay

Thu, Jul 08, 2021 at 4:35PM

  • Mid-Florida Housing Partnership
  • The Palms at Venetian Bay
  • Income Limit Category

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:

https://www.mfhp.org/The-Palms---Down-Payment-Assistance--DPA--6-59.html

 


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