Aug 31, 2017
A new program will help Denver-Aurora residents purchase their first home in the area. The NeighborhoodLIFT program was created to encourage homeownership through down payment assistance grants and homebuyer education. Supported by a $4.8 million investment by Wells Fargo, as many as 243 first-time homebuyers and potential homebuyers ready to re-enter the Denver-Aurora housing market will receive up to $15,000 in down payment assistance grants through the NeighborhoodLIFT program.
Wells Fargo, in collaboration with NeighborWorks America and Community Resources and Housing Development Corporation will host a homebuyer event on September 8 and 9, 2017 from 10 a.m. until 7 p.m. at the Denver Marriott Tech Center (4900 S Syracuse St, Denver, Co 80237). At the NeighborhoodLIFT launch event, potential homebuyers can find out if they qualify* for the down payment assistance program and reserve down payment assistance grants to purchase a home in the Denver-Aurora community. New and ready again homebuyers will be able to register at www.NeighborhoodLIFT.com or by calling (866) 858-2151. In addition, prospective homebuyers will be able to take advantage of homebuyer education sessions and preview featured homes available for sale in local neighborhoods.
The Denver-Aurora NeighborhoodLIFT program follows the 2014 Denver area NeighborhoodLIFT program that created 252 homeowners with the support of a $5.65 million commitment by Wells Fargo.
* Eligible homebuyer must be pre-approved to purchase a home from an eligible lender and earn 80% or less of the area median income, which is about $67,100 in the Denver-Aurora community for a single household up to a family of four; and up to $72,500 for a family of five. Veterans and servicemembers, teachers, law enforcement officers, firefighters, and emergency medical technicians may earn up to 100% of the area median income, which is about $83,900 for up to a family of four and $90,650 for a family of five.