BROKEN BOW – The Central Nebraska Economic Development District (CNEDD) has announced through a statement a program designed to help make homeownership a reality for residents of Custer County and the surrounding area.
CNEDD is encouraging individuals to apply for its down payment assistance program, which, as the name suggests, aims to help income-qualifying families with making a down payment on a house. The funds are made available through the Nebraska Affordable Housing Trust Fund program.
The loans are available for the following counties in CNEDD’s 14-county area: Blaine, Boyd, Cherry, Custer, Garfield, Greeley, Holt, Keya Paha, Loup, Rock, Sherman, Valley, and Wheeler.
The amount of down payment assistance that CNEDD can provide is based on the price of the home, and cannot exceed $20,000. The loans are low to no interest, with repayments based on household income. In order for a home to qualify, it must be inspected by a CNEDD housing administrator.
Additionally, all adults in the household applying for the loan must complete CNEDD’s “Home Buyer Education” course, which is offered online.
CNEDD also offers loans for minor rehabilitation, as well. The organization’s mission is to provide business, community, and economic development services to central and north-central Nebraska, and to increase the number of businesses and improve the quality of life for the region.
