BATON ROUGE, La. (BRPROUD) — The Louisiana Housing Corporation is launching Keys to Service, a program to help first responders and teachers buy a home.

“We’re doing our part to be able to take some of those prohibited moves away from home ownership and be able to make sure that those public servants, those that take care of our community, we take care of them and help them be able to build community right here in the communities that they serve,” said Joshua Hollins, executive director of the Louisiana Housing Corporation.

Hollins says borrowers will receive a 4% down payment and closing cost assistance, based on a 30-year mortgage term. You do not need to be a first-time buyer to be eligible, but the home must be your primary residence. Applicants must have a combined household income of less than $110,000 per year.

“When we look at those who serve our communities the most, that thank you doesn’t always show up as much in their paychecks. But they put their lives on the line,” said Hollins.

The criteria are as follows:

  • Active, full-time employees of city, parish or state law enforcement agencies
  • Active, full-time firefighters
  • Active, full-time licensed paramedics
  • Active, full-time teachers who hold a Louisiana teacher’s certification

Hollins says Keys for Service is funded by $5 million in taxable bonds. He hopes to get more funding in the future.

The program is available in all Louisiana parishes. Click here for more information.