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Item #7 · Regular City Council Meeting

$1M down payment assistance program to expand homeownership access

the City Attorney · Sep 8, 2026
Consent Budget & Finance
$1.0M , Red tier (over $1 million)

If approved, would provide up to $1M in down payment and closing cost assistance to Birmingham residents through the Ready to Own program, potentially making homeownership more accessible to first-time buyers with limited savings.

Counterparty: Neighborhood Housing Services of Birmingham, Inc. Funding source: Federal Grant Action type: Resolution

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