Fort Worth to offer up to $25,000 loan for buying local foreclosed homes

BY ALESHIA HOWE
April 27, 2009

Using a $6.3 million federal grant, the city of Fort Worth is rolling out a Down Payment Assistance Program to help qualified individuals purchase lender-foreclosed homes in seven selected ZIP codes throughout the city.

The U.S. Department of Housing and Urban Development recently awarded the $6.3 million to the Fort Worth Housing and Economic Development Department to provide assistance in the redevelopment of foreclosed homes. The funds come from HUD’s Neighborhood Stabilization Program as part of the Housing and Economic Recovery Act of 2008.

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