R.I. Housing introduces ‘First Down’ home-purchasing assistance program

AN ASSISTANCE PROGRAM called “First Down” would grant a $7,500 down payment to first-time homebuyers in what Rhode Island Housing considers the six hardest-hit cities by the foreclosure crisis: Providence, Pawtucket, Woonsocket, Warwick, Cranston and East Providence., R.I. Housing announced Friday. /PBN FILE PHOTO/MICHAEL SALERNO
AN ASSISTANCE PROGRAM called “First Down” would grant a $7,500 down payment to first-time homebuyers in what Rhode Island Housing considers the six hardest-hit cities by the foreclosure crisis: Providence, Pawtucket, Woonsocket, Warwick, Cranston and East Providence., R.I. Housing announced Friday. /PBN FILE PHOTO/MICHAEL SALERNO
Updated: 3:08 p.m. PROVIDENCE – An assistance program called “First Down” would lend a $7,500 down payment to first-time homebuyers, Rhode Island Housing announced Friday. The program will lend eligible homebuyers money to purchase homes in what R.I. Housing considers the six hardest-hit cities by the foreclosure crisis: Providence, Pawtucket, Woonsocket, Warwick, Cranston and East Providence. The…

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