The program is administered by the Florida Housing and Finance Corporation (Florida Housing) and has the highest and most inclusive eligibility of all Florida Housing down payment assistance programs. The program is geared to expanding on Florida’s existing housing programs to reach critical workers and those who have served our country. Find more about the program here.
“In Florida, we value the contributions of our police, firefighters, teachers, and nurses,” said Governor Ron DeSantis. “Our hometown heroes are the backbone of Florida communities and making sure that they can afford to be homeowners is a great way to give back to them and support the future of the American Dream.”
“Florida Housing is extremely grateful to those who have remained committed to serving their communities, especially during these challenging financial times,” said Trey Price, Executive Director of Florida Housing Finance Corporation. “Hometown Heroes will provide the financial assistance necessary to help these hardworking individuals finally achieve the American Dream of homeownership, and we look forward to the positive impacts this accomplishment will have on so many Florida families.”
“DEO is proud to stand beside Governor DeSantis as he prioritizes our state’s vital workers, including our first responders, nurses, and teachers,” said DEO Secretary Dane Eagle. “These men and women are heroes who ensure our communities’ crucial needs are met, and we are grateful to take part in this initiative to show our gratitude.”
“Recently I started looking to buy a house. With the help of my realtor and loan officer, there was so much that I didn’t know about and they were able to help me and guide me,” said Officer Ashton Wolfe, Cape Coral Police Department. “I joined the military when I was 18. I was stationed in Washington, and when I left the military I came back to Cape Coral to serve my community as a police officer. The program Salute Our Soldiers, which is becoming the Hometown Heroes program, allowed me to buy a house at the age of 23 and I am the only 23-year-old I know that is buying a home, so it has done great things for me.”
“I have been a teacher for 25 years,” said Melba Lugo, Second Grade Teacher, Mid Cape Global Academy. “In one day, I changed cities, I changed jobs and I bought a house. Thank you for this program and I want to thank all of these people that have made this possible. Owning a house seemed like such a distant, far away dream. I am 63 and at this age you are supposed to be paying off your mortgage, but everything is good and beautiful when you walk in God’s time.”
“Florida’s booming real estate market has begun to price out our hometown heroes from living in the communities in which they serve,” said Senator Ed Hooper. “That is why I filed this bill, to help our hometown heroes accomplish the American dream of owning a home. These workers are incredibly courageous and, throughout the pandemic, they have kept us safe, cared for our families and educated our children. I think it’s extremely important to give them the assistance to purchase a home given the sacrifices they make every day.”
Florida Housing received $100 million from the state Legislature this year to establish and administer the Florida Hometown Heroes Housing Program. This program will aid essential community workers in 50 different eligible professions with down payment and closing cost assistance to help first-time, income-qualified homebuyers purchase a primary residence in the communities they serve. Funds will be available to reserve starting June 1, which coincides with National Homeownership Month. This occasion celebrates the value that owning a home brings to families, communities, and neighborhoods across America.
To qualify for this program, homebuyers must connect with a participating loan officer, have a minimum credit score of 640, provide certification for one of the eligible occupations, and meet the income threshold for their county. Eligible borrowers will receive up to 5% of the first mortgage loan amount (up to a maximum of $25,000) in down payment and closing cost assistance in the form of a 0%, non-amortizing, 30-year deferred second mortgage.
For more information, please visit www.floridahousing.org/hometownheroes.
Florida Housing was created by the Legislature 40 years ago. We are the state’s housing finance agency (HFA) that administers state and federal resources to help provide affordable homeownership and rental housing options for the citizens of Florida.