FUND COMMITS $50 MILLION FOR DOWN PAYMENT ASSISTANCE

摘要

At its Mid-Winter Conference in Miami, FL, the National Association of Real Estate Brokers (NA-REB) signed a Memorandum of Understanding with United Security Financial (USF), a minority-owned mortgage company headquartered in Salt Lake City, UT, to make down payment assistance more broadly available to Black American home buyers. The two organizations announced that they have obtained a commitment of $50 million in down payment assistance funds from LBC Funding, LLC to assist in the expansion of homeownership for low-to-moderate income purchasers.