City Programs

The city of Lakewood has a first time home buyer down payment assistance program which offers first time home buyers down payment assistance dollars. In addition to the down payment assistance program the city is offering a low interest loan program. This program was created through government funding for neighborhood stabilization. The city is able to buy vacant homes in Lakewood, rehab the homes, and then sell them through a low interest program to people looking to purchase a beautifully restored home in Lakewood.

The program does have stipulations such as, the person buying the home needs to own and occupy the home for at least five years. Another stipulation is maximum household income levels. For instance, if your household consists of one person your income cannot exceed $52,800.00. A house hold of three cannot exceed an income of $67,920.00. Should you have questions, contact Lakewood’s community development department at 216-529-4663.

Monica Woodman

I am a realtor at Prudential Lucien Realty.

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Volume 7, Issue 17, Posted 8:32 AM, 08.24.2011