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The Culinary and Bartenders Housing Partnership funded 121 loans in 2015, totaling over $1.3 million. 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 with the support of up to $20K in down-payment assistance.
Home Is Possible (HIP)
The Nevada Housing Division’s Home Is Possible (HIP) program is designed to help more Nevada families buy homes — people who can afford a monthly mortgage payment, but who may be having a hard time coming up with a down payment. It provides a (non-repayable) down payment of up to 5% of the loan amount for Nevada families who qualify. That’s thousands of dollars for a one-time fee of just $755 (paid at closing). Buyers must meet standard underwriting requirements, complete a homebuyer education course and live in the home as a primary residence. There are also special benefits for veterans and teachers.