Contact: Debra Peters, Program Manager 785-738-2218, email@example.com
BELOIT, KS, April 30, 2020 —
A new program that seeks to make home ownership more affordable is now available to eligible buyers purchasing a home in Ottawa and Republic counties. The two-county pilot project of the NCK Home Ownership Program is designed to boost home ownership by reducing the barriers of down payments and closing costs. It offers a combination of a 0% down payment assistance loan of $10,000 and closing cost grant of $2,000 when purchasing a home of $50,000 or greater in Ottawa or Republic County. Funds are limited and available on a first come, first served basis. The program officially launched in Ottawa County April 28 and in Republic County April 29.
An award from the Dane G. Hansen Foundation of Logan, Kansas, assisted in the creation of the loan and grant pool, along with a donation from the NCKCN NCK Business Development Fund. North Central Regional Planning Commission (NCRPC) of Beloit, Kansas, is administering the program. NCKCN is an affiliate of the North Central Regional Planning Commission.
“This initiative would not be possible without the generous assistance from the Dane G. Hansen Foundation and the tremendous support we have received from Ottawa and Republic County banks and local leadership,” Program Manager Debra Peters said.
Primary objectives of the pilot program are to reduce the number of homes on the market, be a catalyst for first time home buyers, benefit employers in recruiting and retaining employees, and attract alumni back to the region to work, start/buy a business, or retire. New Home Ownership Program – Page 2
“We are pleased to bring this program to Ottawa and Republic Counties,” Peters said. “It offers an opportunity to make home buying a reality for individuals and families, particularly in these challenging times.”
Similar pilot programs have been completed in Cloud, Ellsworth, Lincoln and Mitchell Counties. Since first launching in 2018, home ownership programs in the region have combined to assist in the purchase of 33 homes at an approximate value of $4.6 million. Results of the pilot programs will be used to develop a permanent regional home ownership program sometime in the future.
For more information about the pilot program in Ottawa or Republic County, contact your local bank or realtor or visit www.ncrpc.org/services/homeownership. The NCRPC is committed to advancing rural Kansas through comprehensive planning and development services. Its primary service area includes 12 counties and 83 cities in North Central Kansas. For more information about the NCRPC, visit www.ncrpc.org.