For many recent graduates, buying a home may feel like a far-off dream, especially with rising home prices and the challenge of saving for a down payment. But what if there was a program designed specifically to help graduates of Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs) take that critical first step toward homeownership?
The HBCU/PBI Homebuyer Assistance Program: A Game Changer
BMO and the National Association of Real Estate Brokers (NAREB) have partnered to create the HBCU/PBI Homebuyer Assistance Program, a unique initiative that provides $8,000 in down payment assistance to eligible graduates. This program can be combined with additional grants and assistance programs, allowing homebuyers to receive up to $20,000 (or more) in total support.
Who is Eligible?
This program is designed to support those who have earned a degree from an HBCU or PBI. The goal is to create more pathways to homeownership for communities that have historically faced barriers in the housing market.
Key benefits include:
- $8,000 in down payment assistance
- Ability to combine with other grants for up to $20,000+ in assistance
- Exclusive availability when working with a NAREB/Realist agent
- Now available to eligible homebuyers in all 50 states
Why This Matters for Estate Planning
Homeownership isn’t just about finding a place to live—it’s a powerful tool for building generational wealth. At Norton Estate Planning & Elder Law, we encourage homeowners to think ahead and ensure their assets are protected. Owning a home is a significant milestone, but without proper estate planning, that investment could be at risk in the future.
Ask yourself:
- Do you have a plan in place to pass your home to your loved ones?
- Is your mortgage protected in case of unexpected events?
- Have you considered how your home fits into your long-term financial goals?
Start Your Journey Today
If you or someone you know is a graduate of an HBCU or PBI and ready to take the leap into homeownership, this program could be the key to making it happen. And once you’ve secured your dream home, let’s make sure it’s protected for the future. Request a consultation today with Norton Estate Planning & Elder Law to ensure your home and legacy are secure for generations to come.
