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 assistance to purchase your first home!
Key Elements of the program include:
- The down payment assistance loan up to $20,000 has a 0% interest rate.
- You do not have to pay back the loan unless you sell, rent, or refinance the property.
- If you sell, rent, or refinance you pay the loan back at face value with no interest charges.
- You must live in the house you buy (no second homes or vacation homes).
- You must not have owned a home within the past three years.
- You must contribute 3.5% down payment for an FHA mortgage.
- You must contribute 1% of the purchase price for a conventional mortgage.
- Your combined household income can’t be greater than $92,010 for a 1-3 person household. For a household with 4 or more persons, your combined household income can’t be greater than $106,250.
- You will be required to complete an orientation class, an 8 hour homebuyer education course and a one-on-one counseling session at no cost to you.
- You must qualify for a mortgage – you may use a lender of your choice, or the Housing Program can provide you with a list of participating lenders to assist you. Participating lender list can be located at www.nevadapartners.org.
- Funds for loans are limited and will be granted on a first come first serve basis.
Please contact the Housing Programs department, if you own your own home and you are:
- Currently behind in your mortgage payments.
- Received a notice of loan default or breach in the mail.
- Received a notice of foreclosure sale of your home.
** ONLINE HOMEBUYER EDUCATION CLASS PORTAL: HTTPS://APP.EHOMEAMERICA.ORG/NEVADAPARTNERS