Writer: D'Lyn Ford
LAS CRUCES - The City of Las Cruces and New Mexico State University's Cooperative Extension Service received $1 million in federal funding for a model program to increase home ownership.
The funding from the federal Department of Housing and Urban Development (HUD) will combat low rates of home ownership in Las Cruces with educational programs for first-time home buyers. The Model Extension Program for Increasing Home Ownership will identify potential home buyers and provide training about home financing and maintenance.
The goal is to acquaint buyers with the process and paperwork involved in buying a home so they become "mortgage-ready." The program follows the Cooperative Extension Service model of extending education to community members. The Las Cruces program may serve as a model that could be expanded to reach home buyers statewide.
Mayor Ruben A. Smith and New Mexico State President Jay Gogue will discuss the city/university partnership during a news conference Monday, Nov. 19 at 10:30 a.m. in the City Council Chambers at City Hall, 200 N. Church St. Billy Dictson, director of NMSU's Cooperative Extension Service, will be available to answer questions about the program.
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