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Memphis Council to allocate FY26 funds for down-payment assistance program
Summary
Council leaders said they are working to include funding in the fiscal 2026 budget to assist potential homebuyers through a down-payment program in partnership with the Housing and Community Development committee.
Ford Canale, chairman of the Memphis City Council, said the council began its day in the Housing and Community Development committee and is "working to allocate funds to the fiscal 2026 budget that will assist potential homebuyers in the down payment program." The council identified the program as a priority intended to help Memphians secure safe, affordable housing.
Council leaders described the effort as a partnership with the city's Housing and Community Development office and said additional information is available on the city's website. No dollar amount for the down-payment assistance was specified during the update.
The announcement emphasized outreach and resources for potential homebuyers; officials directed interested residents to memphistn.gov for program details and application steps. The council did not take a separate recorded vote on a specific appropriation during this broadcast; next procedural steps and any formal budget requests will follow the FY26 budget process.
