Fort Collins boosts funding for housing loan program

The city of Fort Collins has increased the maximum funding available through its Homebuyer Assistance program from $10,000 to $15,000 per household.

The program assists low and moderate-income first-time homebuyers with the gap financing needed to purchase a home. Income-eligible households may receive a deferred loan to cover down-payment and closing costs that does not have to be repaid until the home is sold or is no longer the primary residence.

Additional program guidelines and restrictions can be found at www.fcgov.com/socialsustainability/hba.php.