JACKSONVILLE, Florida. – LISC (Local Initiatives Support Corporation) Jacksonville announces today a new partnership with Northside Coalition of Jacksonville, Inc. to implement a new down payment assistance program for potential homebuyers.
New program funded The Northside Coalition will provide down payment assistance and financial wellness courses. Participants will take part in the six-month program and upon successful completion of the courses:
DPD the program will provide financial assistance to individuals to purchase or build new homes with zip codes 32208 or 32209 in north Jacksonville.
New down payment assistance program this is a Northside Coalition collaboration with the already established Project Boots LISC Jacksonville program. These homeownership initiatives are designed to eradicate poverty by providing support mechanisms and educational resources to increase the number of homeowners in historically under-resourced areas of Jacksonville.
LISC Jacksonville Executive Director Dr. Irwin “Pedro” Cohen said, “Our collective goal is to change the trajectory and narrative of Jacksonville’s most troubled communities and empower residents in these areas to build wealth through homeownership, a historically important component of generational wealth creation.”
Ben Frazier of Northside Coalition of Jacksonville, Inc. said: “Ultimately, this partnership provides a path to homeownership, an opportunity that has been out of reach or denied to residents who have lived in economically disadvantaged areas for generations. We are happy to take part in this housing cooperation.”
The Down Payment Assistance Program will provide financial assistance in the form of a down payment of $5,000 to $8,000 to selected participants when they close their home mortgage loans. Teachers, first responders, and nonprofit professionals are eligible for higher amounts. Down payment assistance is available to members buying existing homes or building new homes with zip codes 32208 or 32209.
As part of its Project Boots LISC program, Jacksonville will provide financial wellness classes that will cover areas such as the financial components of homeownership and the use of homeownership as a mechanism for creating generational wealth.
To participate in the Down Payment Assistance Program, interested individuals should email [email protected] for more information.
About LISC Jacksonville
The Local Initiative Support Corporation (LISC) helps residents transform disadvantaged neighborhoods into healthy, sustainable communities where they can live, work and play. Since 1999, LISC Jacksonville has invested nearly $500 million in key urban areas, including affordable housing, retail and community space, and has helped create more than 3,000 jobs. For more information about LISC Jacksonville visit www.lisc.org/jacksonville.
About the Northside Coalition of Jacksonville
The Northside Coalition of Jacksonville is a dynamic organization that creates positive and lasting change. Since 2016, NCOJ has been working hand in hand with elected officials, law enforcement, business professionals, the religious community, and people from all walks of life. We are a diverse group from all walks of life, united by the common goal of fighting social, racial and economic injustice. for healing and racial reconciliation. For more information visit https://northsidecoalitionofjacksonville.com/.
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