The SOURCE has been awarded a grant through the Michigan State Housing Development Authority’s (MSHDA) Employer-Assisted Housing Fund to support first-time home buyers. Two of The SOURCE’s employer partners—Cascade Engineering and Spectrum Industries—are participating in the program, which is expected to provide up to 27 individuals with down payment assistance toward the purchase of a home.
Both employers will offer down payment assistance benefits to eligible employees, including providing matching funds that will make homeownership more affordable for their employees. The SOURCE will oversee both programs and will support employees through the home purchase process, including providing financial coaching and assisting with realtor and lender engagements as needed.
Read the rest here: https://www.thesourcemi.org/post/the-source-receives-mshda-grant-to-support-home-ownership