CR $5000 First-Time Homebuyer grants

The City of Cedar Rapids is offering free money to first time home buyers.

People buying their first house can get up to $5,000 in grant money. The grant can be forgiven after a person lives there for five years.

The city says people need to apply fast. Only 40 people or families will get approved for the grant.

The city has been doing the program since 2008. Leaders say they noticed some people needed an extra boost to close on a house. It has benefits for the homebuyer.

There are income restrictions, and people must meet debt and mortgage requirements. Click here for more information on the program.

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