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City of Holland Initiative to Help Home Buyers

Holland City Seal
Holland City Seal

HOLLAND, MI (WHTC) -- The City of Holland is trying to help low and moderate income people with purchasing a home.  The initiative will provide a matching grant of 50 percent for reasonable closing costs and/or down payment assistance, up to $3000.  There are a few things you’ll need to do before applying.  Applicants will need to be approved for a mortgage before applying for the grant.  You’ll need a copy of your credit report, a list of debts, a minimum of 50 percent of the closing costs and down payment expenses.  The home needs to be affordable for the buyer and will be inspected and must meet housing standards prior to closing.  The funds are provided through Federal Community Development Block Grants.  For more information, go to cityofholland.com

Story by:  Diane E Coston