What is the amount of the NACA soft lien on properties purchased through their program?

The NACA program offers a soft lien on properties to assist low-to-moderate income homebuyers, specifically to make homeownership more accessible. The amount of this soft lien is $25,000. This funding is designed to cover various expenses, such as down payments or closing costs, making it easier for eligible buyers to purchase homes within their program.

A key feature of the soft lien is that it does not require repayment as long as the homeowner remains in the property for a certain period, typically six years. This aspect not only helps to alleviate financial burdens but also encourages home stability and community investment by allowing individuals more time to establish themselves in their new homes.