For those hoping to purchase their first home in Oakland County there could be help from the American Dream Downpayment Initiative.  This group lends $10,000 for downpaymant and closing costs to first time home buyers in 50 participating communities in the county.  The American Dream Downpayment Initiative is a federally funded program, dedicated to providing funds to increase the overall homeownership rate, especially among lower income households, while revitalizing and stabilizing communities. Sounds like something we could use more of!  The program is regulated through the Department of Housing & Urban Development.

For more information on the program, please contact Dorothy Melvin Johnson, ADDI Coordinator, at 248-858-0495.