The Nevada Partners & Culinary and Bartenders Housing Partnership has placed over 560 union families into homeownership since it was created in 2008 and provided approximately $4,000,000 in down payment assistance and closing costs.
*The Culinary and Bartenders Housing Partnership funded 121 loans in 2015, totaling over $1.3 million*
This program offers various services to workers of Culinary Union Local 226 and the Bartenders Union Local 165, covering employees of participating properties that contribute, per a collective bargaining agreement, to the Housing Trust Fund. The program provides homebuyer education, pre- and post-purchase counseling, and down payment assistance to first-time home buyers in Southern Nevada and helps current home owners obtain resources when facing foreclosure. Instruction is offered in both English and Spanish.
Culinary and Bartenders Union workers who can contribute up to 3.5% of the house purchase price (towards closing costs or principle reduction) may qualify for the Housing Trust Fund’s Down Payment Assistance Loan of up to $10,000 (conventionals loans are 1% and $20,000 for down payment and closing costs). The client must pay back this loan, offered as a silent second loan, when he or she sells or refinances the house. The loan, for first-time home buyers, is available on a first-come, first served basis, and funds are limited. The amount of the down payment by the client will depend on their primary loan.
Contact the Housing Partnership:
(702) 924-2100 or go to their website: www.nevadapartners.org