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Bradenton offering help to 1st-time homebuyers

BRADENTON - The city of Bradenton Housing and Community Development Division has about $130,000 available to help residents make down payments on houses if they qualify.

The funds are part of the $482,236 in State Housing Initiatives Partnership (SHIP) funding from the Florida Housing Finance Corporation that the city received for the 2008-09 program year.

To qualify, the applicant must be earning up to 80 percent of the area median income but the maximum annual income must not exceed the following limits:

Family size - 1 Person/$34,900- 2 Persons/$39,900- 3 Persons/$44,850- 4 Persons/$49,850- 5 Persons/$53,850 - 6 Persons/$57,850 - 7 Persons/$61,800 - 8 Persons/$65,800

The city will accept applications for the housing rehabilitation assistance program from Aug. 3-13. Applications will be available at the following locations:

Bradenton Housing and Community Development Division912 Seventh Ave. E.Hours: 7:30 a.m.-5:30 p.m. Monday-Thursday

Bradenton City Hall101 Old Main St.Hours: 7:30 a.m.-6 p.m. Monday-Thursday

The city’s Web site at www.cityofbradenton.com

Deadline for application submission is 5:30 p.m. Thursday, Aug. 13. Applicants must complete a first-time homebuyer’s class and be approved for a mortgage prior to applying. Applications submitted after the deadline will not be considered. Down payment assistance will be awarded on a first-come, first-ready basis to persons owning homes within the city limits.

For more information, please contact Lesa Ramos, Manager of the Bradenton Housing and Community Development Division, at (941) 932-9600

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