Governor’s program will help college grads buy first home
With an eye to stirring up the stagnant residential sales market and entice college graduates to stay in Michigan, Governor Granholm announced a first-time homebuyers program that offers financial enticements meant to stimulate the economy and keep Michigan’s knowledge workers at home.
According to excerpts from the story:
Governor Jennifer M. Granholm and the Michigan State Housing Development Authority (MSHDA) today announced that the Graduate Purchase Assistance (G.P.A.) program is at work helping new college graduates purchase their first home. This program is designed to encourage young people to locate in eight of Michigan’s largest urban cities.
“Creating vibrant cities is a key part of my comprehensive economic plan,” said Granholm. “In addition to encouraging young people to stay in the state, the G.P.A. program will help stimulate the economy, revitalize communities and attract businesses to these areas.”
Read the complete story here.
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