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Healthy Smart Homes outlines state Covenant Homeownership down-payment program for SeaTac residents
Summary
Tracy Brown of Healthy Smart Homes presented the Washington State Covenant Homeownership Program to the SeaTac City Council, explaining eligibility, program mechanics (a 20% soft-second down-payment assistance), partnering agencies and outreach plans. Councilmembers expressed support and asked staff to link resources from the city website.
Tracy Brown, board chair and founder of Healthy Smart Homes, told the SeaTac City Council on Jan. 13 that the Washington State Covenant Homeownership Program provides up to a 20% down-payment assistance soft second loan (zero interest, payable on sale or refinance) to eligible homebuyers who meet race-conscious eligibility created by state law passed in 2023.
Brown, who said Healthy Smart Homes received a Washington State Housing Finance Commission contract for statewide outreach and housing-counselor referrals, described the program as a ‘‘pathway to homeownership’’…
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