Mayor Hancock Launches Program To Boost Home Ownership In Denver

Dated: March 19 2014

Views: 2104

Denver Mayor Michael Hancock on Wednesday officially launched a $5.65 million program aimed at helping consumers buy homes in the city.

“This public-private partnership has the potential to make a significant difference for Denver families and neighborhoods, by making home ownership more affordable for people who want to live here,” Hancock said at a press conference at the  Wellington E. Webb Municipal Office Building at Civic Center.
Denver is now the third city in the United States to be part of Wells Fargo’s Neighborhood LIFT program, which provides down payment assistance grants to eligible home buyers.
Of the $5.65 million committed by Wells Fargo to Denver, $4.5 million will go to down payment assistance. Another $500,000 will go toward improving Denver neighborhoods, Hancock said.The remainder will be spent on a two-day home buyer event April 4-5 at the Colorado Convention Center, where prospective home buyers can apply for the grants.

The program is available for those who are approved for home financing and their household income is equal to or less than 120 percent of the area median income.To receive the full grant amount, participants buying homes with a LIFT program grant must commit to live in the home for five years and qualify for a first mortgage on the property, Wells Fargo said Wednesday.

Denver Colorado Realtor -Michael Steffen 
Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada Aurora Bennett Byers Castle Pines Castle Rock Centennial Cherry Hills Village Columbine Valley Deer Trail Denver Elbert Englewood Franktown Greenwood Village Highlands Ranch Larkspur Littleton Lone Tree Parker Sedalia Sheridan Strasburg Watkins, Wheat Ridge, Lakewood, Castle Rock, Thornton, Westminster, Evergreen, Golden. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! 
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Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

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