New Housing Benefit for Culinary and Bartender Workers!
If you are a worker covered by the Culinary and Bartenders’ Union Contract, then you are eligible for a new housing benefit that helps gaming workers obtain the dream of home ownership. Established as a result of the 2007 Collective Bargaining Agreement, the new Culinary and Bartenders Housing Partnership provides home buyer education and counseling, workshops on foreclosure prevention, and first-time home buyer down payment loans.
The State of Nevada Housing Division has joined with the Culinary and Bartenders Housing Partnership to provide up to $20,000 in loans for a down payment on a home.
Key Elements of the program include:
The loan has a zero-percent interest rate and is repayable when you sell or refinance your home.
You must live in the house you buy (no second homes or vacation homes).
You must contribute 1% of the purchase price of the home.
Your household income cannot exceed $76,680 for a 1-2 person household, or $89,460 for a household with three or more persons.
You must complete an 8 hour home buyer education course.
You must qualify for a home mortgage from a lender.
Funds for this down payment assistance program are limited. Down payment loans will be approved for qualified buyers on a first-come, first-serve basis.
If you own your own home, and you are 1) currently behind in your mortgage payments; 2) received a notice of loan default or breach in the mail; or 3) received a notice of foreclosure sale of your home, then we strongly encourage you to contact the Consumer Credit Counseling Service of Southern Nevada.
The agency offers bankruptcy counseling in English and Spanish.
Call 702.364.0344 or 800.451.4505
To get more details, please call the Housing Partnership at 702.924.2173