Florida Housing Finance Corporation released $5 million to the Homeownership Pool (HOP) Program yesterday. Created by the Florida Legislature 25 years ago to fund workforce housing, Florida Housing began the HOP Program to enable developers to match qualified homebuyers with help to purchase their properties. HOP operates on first-come-first-serve basis where developers apply online to reserve funds for eligible homebuyers.
Another $5 million is to be released in January 2009.
To learn more, visit http://www.floridahousing.org/Home/Developers/HomeownershipPrograms/HOP/.
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