Durham launches down payment assistance program for first-time homebuyers

The Durham City Council meeting on May 5, 2025, focused on critical housing initiatives aimed at improving affordability and accessibility for residents. The discussions highlighted the city's commitment to ensuring equitable housing opportunities for all, particularly for low to middle-income families.

One of the key topics was the "Forever Home Durham" initiative, which aims to create affordable and inclusive communities. This program is designed to help residents find homes they can afford, whether through renting or purchasing. The city emphasized that owning a home is essential for financial stability and community pride, especially as housing prices continue to rise.

To support potential homeowners, the city announced a down payment assistance program. This program offers eligible individuals up to $80,000 in 0% interest forgivable loans to help them purchase homes within city limits. This initiative is part of Durham's broader strategy to combat the challenges posed by increasing housing costs.

The meeting also touched on the importance of fair treatment in debt collection practices. Residents were reminded of their rights when dealing with debt collectors, emphasizing that abusive practices are illegal and should be reported. The city encouraged residents to be aware of their rights and to seek help if they encounter unfair treatment.

Overall, the meeting underscored Durham's ongoing efforts to address housing affordability and ensure that all residents have access to safe and stable living conditions. The city plans to continue these initiatives to foster a more inclusive community for everyone.