Housing Fund
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Established as a result of the 2007 collective bargaining agreement, the Culinary and Bartenders Housing Partnership has placed over 1,700 Culinary Union members have bought their first homes with help from the Culinary and Bartenders Housing Fund, which has provided over $12.5 million in down payment assistance and closing costs.
If you are a worker covered by the Culinary and Bartenders’ union contract who has at least 2,000 hours of service over a three-year period, then you are eligible for the housing benefit that helps workers obtain the dream of homeownership.
The Culinary and Bartenders Housing Partnership provides the following benefits:
* Homebuyer education and pre-purchase counseling in English and Spanish
* Post-purchase workshops (in English & Spanish), including foreclosure prevention
* First-time homebuyer down payment assistance loans
The Culinary and Bartenders Housing Partnership provides up to $20,000 in assistance to purchase your first home!
✊ The Housing Fund has helped 1,700+ Culinary Union members buy their first homes since 2007. Culinary Union member Ericka was able to become a homeowner 🏡 thanks to her good union benefits! Congratulations! https://t.co/fh0tVoK6EH #SISEPUDO pic.twitter.com/yq0PEYsn1z
— Culinary Union (@Culinary226) February 22, 2023
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 as your primary residence (not as a second or vacation home).
- 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 persons 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 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 online here.
- Funds for loans are limited and will be granted on a first come first serve basis.
Foreclosure Prevention Assistance:
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.
Contact the Housing Partnership: (702) 844-8000 or go online.