Tuesday, March 29, 2011

Get $5,000 in Hawthorne Advantage Down Payment Assistance!

Post by Jeff Skrenes, Hawthorne Neighborhood Council Housing Director.  Photo from a Minnesota Public Radio article on the Hawthorne EcoVillage.

The Hawthorne Neighborhood Council recently revamped its down payment assistance program from a percentage of the sales price to a flat $5,000.  Any owner-occupant purchasing a home in Hawthorne should inquire to CEE about qualifying for this assistance.  The $5,000 is recorded as a lien on the home, although we will go behind virtually any other assistance program.  The loan does not accrue interest and it is forgiven after ten years.

As an aside, it takes a while for each site that lists our down payment assistance to be updated, so even the CEE link references the old program.  That will change shortly.  And a special thanks goes out to a NoMi Realtor extraordinnaire, Constance Nompelis.  Connie did several market analysis reports for the Hawthorne Neighborhood Council board and housing committee.  These reports helped our neighborhood understand what the market was like in Hawthorne, and how we should construct an assistance program that was an appropriate response to housing conditions here.  She provided this service as a volunteer for the community, and we are grateful for her help.

Come and check out home ownership opportunities in Hawthorne!  We've got a great community and $5,000 in assistance for you.

1 comment:

Ray said...

Amazing and inspiring news! Thanks for reporting!