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The Florida Hometown Heroes Program: A Victim of Its Own Success

Mike Chissell • Aug 23, 2023

The Fast-Track Depletion: Funding Ran Out in Under 60 Days

In an unexpected move, the Florida Hometown Heroes Program opened its doors wider in July, making the program's benefits available to everyone regardless of occupation. As long as they were a first-time homebuyer they were available to use this program. The intent behind this gesture was commendable - ensuring that more Floridians had the opportunity to benefit from the assistance the program provided.


However, the overwhelming response was unforeseen. In less than two months, the program ran out of its 100 million in funding . The Florida Hometown Heroes program when it was initially created last year had $100 million dollars that were funded. It lasted 11 months and ran out of funding in June. This time it was less than 60 days before the funds were used. While this serves as a testament to its popularity and the need for such initiatives, it also poses a challenge for those who were banking on it for support.


Looking Ahead: Other DPA Programs in Florida

While the depletion of the Hometown Heroes Program's funds might be disheartening to many, there's a silver lining. Florida remains committed to assisting its residents, and there are several Down Payment Assistance (DPA) programs still available within the state.


For those in need, it's essential to remember that one door closing doesn't mean all avenues are blocked. By researching and exploring other DPA programs, you may find one that perfectly suits your needs and helps you take a step closer to your home-owning dream. Many counties in Florida will have their own specific down payment assistance programs that can be a great alternative to the Florida Hometown Heroes Program.


Chissell Mortgage Group: Your Trusted Partner in Navigating Florida's Housing Landscape

Navigating the complexities of housing programs, especially in times of rapid change, requires expertise and commitment. This is where Chissell Mortgage steps in. With a profound understanding of Florida's housing landscape, our team is dedicated to guiding you through every twist and turn.


If you're feeling overwhelmed or uncertain about the next steps after the depletion of the Florida Hometown Heroes Program's funds, we're here to help. Reach out to Chissell Mortgage Group at chissellmg.com or call us at 727-376-6900. Let us be your guiding star in your homeownership journey.


NMLS ID: 327290; NMLS ID: 2062741

Equal Housing Opportunity



NMLS ID: 327290; NMLS ID: 2062741

Equal Housing Opportunity

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