Avenue’s lending arm, Avenue Community Capital, is helping low- to moderate-income homebuyers overcome the greatest obstacle to home ownership—down payment assistance. Currently, we are connecting clients who have completed the first-time homebuyer education class with Neighborhood LIFT down payment assistance, which provides a $15,000 forgivable loan for qualified homebuyers.
With home prices surging, the Houston housing market is incredibly challenging for low- and middle-income families. Down payment assistance is vital in bridging the affordability gap. Since the launch of LIFT in November 2021, Avenue has assisted 38 clients in becoming new home owners, with 58 more in the pipeline. Anyone interested in applying can find the latest info here.