Mayor Alvin Brown was joined by Wells Fargo and local nonprofit leaders to announce NeighborhoodLIFT, which is designed to help local residents become homeowners. The $7 million investment includes down payment assistance grants and homebuyer support programs. The City of Jacksonville, together with Wells Fargo and the nonprofits NeighborWorks America and Family Foundations will ensure the program provides homebuyer support, education, affordable home tours and an opportunity to quality for up to $15,000 in down payment assistance to purchase a home in Jacksonville.
“About two months ago, it was my pleasure to announce that Wells Fargo would be committing approximately $1 million to help Jacksonville families achieve the dream of homeownership,” said Mayor Brown. “Today, Wells Fargo is upping the ante and I could not be more supportive. We’re seeing Wells Fargo, NeighborWorks America and Family Foundation stepping forward, in a big way, to partner with the City of Jacksonville and expand opportunity to many hard-working people.”
NeighborhoodLIFT will sponsor a free homebuyer event July 27 and 28 from 10 a.m. to 7 p.m. at the Prime Osborn Convention Center. At the event, attendees can find out if they qualify for the down payment assistance program and reserve funds for 60 days—even if a property has not been located yet. Prospective homebuyers can also take a free bus tour to view homes from noon to 5 p.m. both days. Free parking in designated lots will be available. Prospective homebuyers are encouraged to pre-register at this website
, where they can also learn more about NeighborhoodLIFT.
“Jacksonville was significantly affected by the housing crisis,” said Scott Coble, Wells Fargo’s Regional President for North Florida. “Today, despite low home prices and historically low interest rates, many Jacksonville families are still unable to purchase a home because they simply cannot afford the down payment. The NeighborhoodLIFT program will help address this issue by providing down payment assistance.”
Jacksonville is one of the four cities in Florida where the NeighborhoodLIFT program is being deployed, along with Miami, Tampa, and Orlando.
“NeighborhoodLIFT is a step toward safe, sustainable neighborhoods that will increase quality of life and personal wealth for all residents,” said Mayor Brown. “We are always stronger together. This is a great example.”
Register for the event here
Housing and Neighborhoods