We are giving a “Hats Off” to the City of Columbus for the promotion of home ownership in Columbus.
This program, American Dream Downpayment Initiative (ADDI) Program, assists low and moderate income households to finance the acquisition of a first home in the City of Columbus, Columbus City School District.
“The ADDI program is a five-year deferred forgivable loan. The buyer(s) must reside in the property for five years after closing or the funds must be repaid to the City. The property is unable to be sold, rented, or transferred during these five years and must remain as the sole residence of the buyer(s). After the five years, the mortgage and restrictive covenant are released on the property and the loan is forgiven.”
What an opportunity for the citizens of Columbus! We thank you, Columbus, and The Anders Team will continue our support of your efforts on behalf of all potential homeowners.
Here is the link that provides a description of this program along with contact information and eligibility requirements. We encourage everyone to check this out; A tenant today, and a homeowner tomorrow!