FORT WORTH (CBSDFW.COM) – Some North Texas residents will soon be able to receive a new form of help in achieving the dream of home ownership.
On Wednesday, administrators for the NeighborhoodLIFT Program unveiled a plan that would disperse $6.6 million in forgivable grant money to be used as down payments on home purchases to 325 applicants throughout DFW.READ MORE: What North Texas School Districts Have To Say About Gov. Greg Abbott Fully Reopening Texas
The program is put on by Wells Fargo, NeighborWorks America and Business & Community Lenders of Texas.
Applicants who are chosen are awarded a $15,000 grant.
Applicants who are active military, first responders and teachers are eligible for up to $17,500 in grant money for down payments.READ MORE: Amber Alert Issued For Missing 15-Year-Old Lori Johnson Of Itasca
Program organizers say the money is intended to help low income and middle income families looking to buy a home.
The first step for those hoping to qualify for the grant money is to register online beginning Tuesday, September 3, at 9:00 a.m.
The second step would be attend a free event scheduled for Friday, September 20, from 10:00 a.m. to 7:00 p.m. and on Saturday, September 21, from 9:00 a.m. to 2:00 p.m. at the Fort Worth Convention Center, located at 1201 Houston St.MORE NEWS: Fort Worth Restaurant Owner Excited To Be Able To Fill Every Table With Texas '100% Open' Next Week
Business & Community Lenders of Texas will administer the $15,000 grants, determine eligibility and provide homebuyer and financial education.