My wife works for the union and wants to use a downpayment assistance program on our house purchase. I have talked to 3 different lenders and 1 was all for it, 1 was not sure and 1 hated the idea. I wanted to see what everyone else though.
Here are the details of the program.
Established as a result of the 2007 collective bargaining agreement, the Nevada Partners & Culinary and Bartenders Housing Partnership has placed over 1,050 union families into homeownership since it was created in 2008 and provided approximately $4,000,000 in down payment assistance and closing costs. The Culinary and Bartenders Housing Partnership funded 121 loans in 2015, totaling over $1.3 million.
If you are a worker covered by the Culinary and Bartenders’ union contract who has at least 2,000 hours of service over a three-year period, then you are eligible for the housing benefit that helps workers obtain the dream of homeownership.
The Culinary and Bartenders Housing Partnership provides the following benefits:
* Homebuyer education and pre-purchase counseling in English and Spanish
* Post-purchase workshops (in English & Spanish), including foreclosure prevention
* First-time homebuyer down payment assistance loans
The Culinary and Bartenders Housing Partnership provides up to $20,000 in assistance to purchase your first home!
Key elements of the program include:
Foreclosure Prevention Assistance:
Please contact the Housing Programs department, if you own your own home and you are: