YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
This year, the Missouri Department of Economic Development provided the Missouri Housing Development Commission with $145 million of tax-exempt funding. That helped provide $300 million in home loans to about 3,000 first-time homebuyers.
Most first-time homebuyers also received 3 percent down-payment assistance.
Loans offered through the program are standard fixed-rate mortgages guaranteed by the Federal Housing Administration, Veterans Administration, U.S. Department of Agriculture Rural Development Program or Fannie Mae/Freddie Mac.
Funding for multi-family housing also was high in 2007 at $111 million in tax-exempt funds.[[In-content Ad]]
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