From the Office of U.S. Rep. Teresa Leger Fernández:

SANTA FE — U.S. Rep. Teresa Leger Fernández will announce at 1:30 p.m. Tuesday, Aug. 1 that New Mexico’s Homewise is the recipient of a $750,000 grant to provide down payment assistance to potential homeowners residing in New Mexico’s 3rd Congressional District.

Through the Homeownership Assistance Voucher Program eligible residents can receive up to $30,000 in the form of a housing voucher that is designed to make their home purchase more affordable.

The voucher is a form of down payment assistance (DPA), a powerful tool that helps fill the affordability gap between the home sales price and the approved loan amount for the borrower. Individuals and families earning 120 percent or less of the Area Median Income (AMI) can apply for this assistance. 

Speakers will include Rep. Leger Fernández and Homewise CEO Mike Loftin.