SPARTANBURG, S.C. (WSPA) – Officials with the City of Spartanburg said they are hoping to make homeownership a possibility, no matter one’s income, as new developments happen in the area.
Brian Hurry, a real estate agent at Coldwell Banker in Spartanburg, said that over the years he’s seen an increase in the amount people moving to the area.
“We are seeing people relocate from many different states,” said Hurry. “Some come for a job, some really come here by choice because they like the prices, location, and weather.”
The City partnered with CommunityWorks to roll out a new Home Buyer Assistance Program . City leaders said it will give more people the opportunity to get in on the market.
“This particular homebuyer program is basically beefing up programs that we have done in the past to assist folks who qualify for our first time homebuyer program with down payment assistance,” George said.
The city is working to give households that are at or below 80% of the area median income up to $20,000 dollars to help with the down payment and closing costs. Katy Davenport, Chief Strategic Officer for CommunityWorks explained how the program works.
“This program is based on the number that will be residing in the house. If you’re in a household of one or more, and then there is a percentage or dollar amount associated with the 80% maker. A household of four in Spartanburg at 80% or below couldn’t make more than $60,150. At closing, we wire the funds for those homebuyers to help them with that $20,00 dollars of down payment closing costs.”