WEST PALM BEACH, Fla. — There's more hope for homebuyers looking to tap into Florida's hot housing market.
SB 102, also known as the Live Local Act, became available on July 1 for first-time home buyers to increase the availability of affordable housing opportunities for Florida's workforce.
It provides up to $35,000 on a down payment toward the purchase of a new home.
To qualify you have to work at least 35 hours a week and work for a Florida-based company. You don't even have to be a first-time home buyer, as long as you haven't owned a home in three years.
WPTV anchor Jay Cashmere spoke with Realtor Holly Meyer Lucas for more insight.
"It gives home buyers hope to be able to purchase a home with down-payment assistance. People don't realize that when you are buying a home, you have to be able to put a down payment, which sometimes can be 10, 20, $30,000," Lucas said. "This program enables those people to have 30 up to $35,000 toward their home purchase."
Lucas said the best thing to do is contact a lender in Florida to see how to qualify for the Live Local Act.
For more information, click here.