KETTERING, Ohio–Day Air Credit Union here said it is partnering with the City of Kettering on two new programs aimed at providing affordable and sustainable homeownership and home improvement for Kettering residents.
The First-Time Homebuyer Assistance Program and the Home Improvement Assistance Program will provide low-interest, forgivable loans to help offset down payment and renovation costs for current and future Kettering residents, the credit union said.
According to the $598-million Day Air CU, the Home Improvement Assistance Program serves the purpose of promoting the general welfare of Kettering residents by providing affordable and sustainable home improvement options for Kettering residents.
“The program aims to help Kettering residents make home upgrades that enhance property value by providing a special low-rate home improvement loan from Day Air of which 40%, up to $20,000, will be forgivable,” the organizations said. “Program funds can be put toward a large list of exterior and interior home improvements as approved by the City of Kettering.”
‘Passionate’ About Providing Resources
Added City Manager Mark Schwieterman, “We’re passionate about providing resources for our community that enhance the lives of everyone who chooses to call Kettering home. We’re excited to partner with Day Air to provide affordable and sustainable opportunities for Kettering residents to enjoy homeownership.”
According to the organizations, the First-Time Homebuyer Assistance Program is designed for the purpose of promoting the general welfare of Kettering residents by providing affordable and sustainable homeownership options for Kettering residents.
This program will help renters and low to moderate-income households reduce the financial burden of getting their first home by providing up to 10% down payment and cover closing costs up to $20,000 when paired with a Day Air Mortgage product. Day Air has agreed to provide special financing and terms for the remainder of the program, the credit union said.
‘Proud to Make a Difference’
“Day Air is proud to make a difference in the communities we serve,” said Day Air CU President and CEO Bill Burke. “Working with the City of Kettering to help make the financial dreams of our members and our community more achievable is core to who we are.”
The credit union has more than 47,000 members.