Gov. Dan McKee presented a West Warwick family with the keys to their new home on Wednesday, marking the 100th closing facilitated by a program aimed at aiding first-time homebuyers in Rhode Island. The Cruz family received $17,500 from the program, which covers down payment and closing costs and was launched earlier this year to help first-time homebuyers break into the state’s highly competitive housing market. The program has provided over $717,500 to 41 first-time homebuyers in just January and February alone and is being federally funded through the American Rescue Plan Act. RIHousing is administering the grants and reviewing applications. Eligible homeowners must meet credit score and income requirements, complete an education course offered by RIHousing, obtain a RIHousing-funded first mortgage through a participating lender or the RIHousing Loan Center and list the home as their primary residence. The program is poised to provide grants to hundreds more eligible homeowners. Interested first-time homebuyers can contact RIHousing directly for more information.

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