Governor Katie Hobbs Announces 100 Families Closed on New Homes Through Arizona Is Home Program

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Phoenix, AZ ~ Phoenix, AZ - In a recent announcement, Governor Katie Hobbs revealed that 100 middle-class families have successfully purchased a new home through the Arizona Is Home mortgage assistance program. This program, which was first introduced in Governor Hobbs' State of the State address earlier this year, aims to provide support to middle-class families across the state by offering down payment assistance and interest rate relief.

Governor Hobbs expressed her commitment to making homeownership a reality for middle-class families in Arizona. "I was born and raised in an Arizona where a middle-class family could buy their own home. That should be the reality for the next generation, too," she stated. "The cost of housing is too high, and I'm proud to deliver this important help to build a more affordable Arizona. I will continue fighting to break down barriers to homeownership for Arizonans and work to ensure every family in our state has an opportunity to reach their full potential."

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The Arizona Is Home mortgage assistance program utilizes funds from the Housing Trust Fund and ARPA (American Rescue Plan Act) to provide assistance through three existing lending organizations: Chicanos Por La Causa, Trellis, and the Arizona Industrial Development Authority. This approach ensures that the maximum number of eligible Arizonans can benefit from the program.

Joan Serviss, CEO of the Arizona Department of Housing, highlighted the impact of last year's historic investment in housing on various aspects of housing in the state. "I'm very pleased to direct this funding to the 'Arizona is Home' program to assist first-time homeowners make their dreams of homeownership a reality," she said.

Brenda Lopez, Chief Homeownership Officer at Trellis, emphasized how crucial the Arizona Is Home Program has been in helping hardworking individuals achieve their dream of owning a home. "By offering down payment assistance, interest rate reductions, and housing counseling, it has empowered many families to achieve their dream of owning a home when they otherwise would not have been able to," she stated.

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Similarly, Patricia Garcia Duarte, Executive Vice President of Homeownership Initiatives at Chicanos Por La Causa, expressed her delight in being able to assist low to moderate-income and first-time homebuyers through the program. "Even in challenging housing markets, the reality of homeownership is possible when down payment and interest rate reduction options are available," she said.

Dirk Swift, Executive Director of the Arizona Industrial Development Authority, acknowledged the difficulties faced by first-time homebuyers in Arizona and highlighted how the Arizona Is Home program specifically targets rural communities. "The Arizona is Home program targets these rural homebuyers, providing assistance and creating a pathway to homeownership," he stated.

Eligible Arizonans who are interested in the Arizona Is Home mortgage assistance program can find more information on the program's website. With this initiative, Governor Hobbs and her team are working towards making homeownership a reality for middle-class families in Arizona and breaking down barriers to affordable housing.

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