First Time Homebuyer Activities FY2024

The contract is for the First Time Homebuyer Program, which provides subsidy for down payment and closing cost assistance to qualified applicants. The program is administered by OCEAN, Inc., a non-profit organization that provides various services to the community. The contract includes an amendment to the program to include new participants, and the award of a grant subsidy in an amount not to exceed $15,000.00 to qualified program participants. The scope of work includes the provision of subsidy for down payment and closing cost assistance, as well as the administration of the program. The key participants in the contract include the Ocean County Board of Commissioners, OCEAN, Inc., and the qualified program participants. • The contract is for a period of 2 years, starting from April 17, 2024, and ending on April 16, 2026. • The contract includes an amendment to the program to include new participants. • The award of a grant subsidy in an amount not to exceed $15,000.00 to qualified program participants. • The scope of work includes the provision of subsidy for down payment and closing cost assistance, as well as the administration of the program. • The key participants in the contract include the Ocean County Board of Commissioners, OCEAN, Inc., and the qualified program participants.