Mayor: Homeowner grant could boost growth, diminish affordable housing issue
GASTONIA, NC (WBTV) - If you’re looking to buy a new home, city officials are wanting you to make that big decision in Gastonia because there could be free money on the table if you do.
This is all part of a partnership between the city and Wells Fargo called neighborhood LIFT and there’s a minimum of $15,000 you could walk away with if you’re eligible. This isn’t just for folks in Gastonia, anyone can apply.
Buying a home can seem stressful and complicated because at the end of the day it’s a really big decision.
“It’s huge, it’s huge,” said Wendy Eaves, a realtor in Gastonia who has 15 years of experience.
She believes the thousands of dollars this homeowner grant offers is something that no one should pass up.
“Get it for free! Why wouldn’t you? I mean it’s a fabulous program,” said Eaves.
This deal applies to you if you currently live alone, are renting and make about $60,000 a year. If you have more people within your household there are income limits on the application.
Gastonia’s Mayor, Walker Reid, is hoping potential homeowners jump at the chance to get this grant because he says not only will this help increase growth, but it also serves as way to help lessen the burden of looking for affordable housing.
“We’re looking out for everyone and we want everyone to feel inclusive to this this community and we’re trying to do all we can to make that happen,” said Mayor Reid.
The benefits don’t stop there. If you’re a firefighter, police officer, paramedic, teacher, or have served in the military more grant money is on the table as those professions are eligible for almost $18,000 in grant money.
Those who are awarded this grant will not have to pay back the money if stay in the home for at least five years and go to a home-buyer education class.
For more on the grant click here.
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