New Housing Benefit for Culinary and Bartender Workers!

New Housing Benefit for Culinary and Bartender Workers!

If you are a worker covered by the Culinary and Bartenders’ union contract, then you are eligible for a new housing benefit that helps gaming workers obtain the dream of homeownership. Established as a result of the 2007 collective bargaining agreement, the new Culinary and Bartenders Housing Partnership provides the following benefits:

Homebuyer education and counseling

Workshops on foreclosure prevention

First-time homebuyer down payment loans

The State of Nevada Housing Division has joined with the Culinary and Bartenders Housing Partnership to provide up to $20,000 in loans for a down payment on a home. Key elements of the program include:

• The loan has a zero-percent interest rate and is repayable when you sell or refinance your home.

• You must live in the house you buy (no second homes or vacation homes).

• You must contribute 1% of the purchase price of the home.

• Your household income cannot exceed $76,680 for a 1-2 person household, or $89,460 for a household with three or more persons.

• You must complete an 8 hour homebuyer education course.

• You must qualify for a home mortgage from a lender.

• Funds for this down payment assistance program are limited. Down payment loans will be approved for qualified buyers on a first-come, first-serve basis.


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