Down payment assistance available!
The City of El Dorado, Kansas and El Dorado, Inc. are pleased to announce the availability of grant funding for down payment assistance to homeowners purchasing new construction homes. Applicants’ income must fall within the Moderate Income Housing Income Range Guidelines, found in the application guideline.
The grant is through the Kansas Housing Resources Corporation. A total of $190,000 is available.
The down payment assistance grants are for new construction homes only, and assistance will not exceed 10% of the sale price at closing. Two-bedroom, two bath homes will be eligible for funding up to $10,000. Three-bedroom, two bath homes will be eligible for funding up to $15,000. The home cost shall not exceed $200,000.
Applications will be taken by the City of El Dorado starting 8 a.m. on January 2, 2018. Applications and guidelines are available online at www.eldoks.com or www.360eldorado.com. Completed applications should be delivered to the City of El Dorado Engineering Department, 216 N. Vine, El Dorado, KS and will be evaluated on a first come, first serve basis.
Application can be found at the link on the right.