Wednesday, June 24, 2009

Down Payment Assistance Funds Decreased for SHIP

State Housing Initiative Partnership Program (SHIP) is a downpayment assistance program that provide buyers money toward their home purchase. Orange County was suppose to be paid $6 million from the State of Florida, but the State used it to balance the budget. Therefore, in order to keep the program going for the next fiscal year, the program benefits have changed effective on June 23, 2009:

Very Low Income $25,000
Low Income $17,500
Moderate Income $5,000