By Ken Molestina

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.

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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.

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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.

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Business & Community Lenders of Texas will administer the $15,000 grants, determine eligibility and provide homebuyer and financial education.