What are First-Time Home Buyer Grants in Tempe? These specific types of grants were designed to generate home buying among first-timers. Grants are awarded at the local, state, and federal level and by charity and housing foundations. Since the recipients of these grants are seen as performing a public good, namely home ownership, repayment isn’t required. Home ownership is considered the cornerstone of our economy because homeowners help to: ● establish generational wealth among families ● increase prosperity within communities ● stabilize all types of neighborhoods According to research studies conducted by the Federal Government, a $10,000 first-time home buyer’s grant can increase new home ownership by as much as 34%. So, it shouldn’t surprise you to learn that Congress has introduced 6 new pieces of legislation that promote grants and tax credits for individuals seeking to buy their first home. These include: ● local and state government grants starting at $500 ● the Down Payment Toward Equity Act ● the Homebuyer.com forgivable mortgage ● the National Homebuyers Fund The beauty of these grant programs is that they enable individuals with very little money to purchase their first home and enjoy the American Dream of home ownership. https://www.google.com/maps?cid=14371259665857359311