ESL Federal Credit Union launches ‘ESL First-Time Homebuyer Grant’ for Black, Latino residents
ROCHESTER, N.Y. (WHEC) — The ESL Federal Credit Union announced Friday the launch of the "ESL First-Time Homebuyer Grant" for eligible Black and Latino residents in Rochester.
The grant is will offer first-time homebuyers in the Black and Latino communities the ability to earn $10 in grant dollars for every $1 saved over a minimum of the six-month savings period. It would also provide families with the home buying educational support, an ESL Saving Account, and funds toward a down payment and closing costs on a home.
Our goal is to make the home buying process more accessible for Black and Latino residents in our community,” Caytie Bowser, Vice President/Director, Product Development and Management, ESL Federal Credit Union said. “Closing costs and down payments are two of the biggest impediments when it comes to the homebuying process. Through this grant, we are not only able to lessen the upfront cost burden of buying a home, but ultimately set up grant participants for long-term success through first-time homebuyer education sessions and access to post-homeownership guidance.”
For more information on the grant and eligibility, click here.