The Rhode Island FirstGenHomeRI program was an initiative aimed at supporting first-generation homebuyers in Rhode Island. Recognizing the unique challenges faced by individuals and families who were navigating the homebuying process for the first time, the program provided tailored resources and assistance to help them achieve their homeownership goals.
Through the FirstGenHomeRI program, eligible participants had access to various benefits, including financial assistance, educational workshops, and counseling services. Financial aid was offered in the form of down payment assistance and closing cost assistance, helping to alleviate some of the upfront costs associated with purchasing a home.
Additionally, the program offered educational workshops and counseling sessions to equip first-generation homebuyers with the necessary knowledge and skills to make informed decisions throughout the homebuying process. These resources covered topics such as budgeting, mortgage options, home maintenance, and navigating the complexities of real estate transactions.
By addressing the specific needs and challenges faced by first-generation homebuyers, the Rhode Island FirstGenHomeRI program aimed to increase homeownership opportunities and foster long-term housing stability. It recognized the importance of supporting this segment of the population in achieving their dreams of homeownership and building generational wealth.