Aurora unveils Choose Aurora Homebuyer Assistance Program with up to $20,000 in 0% loans

An unidentified speaker announced the City of Aurora's Choose Aurora Homebuyer Assistance Program, saying it will offer up to $20,000 in the form of a 0% interest loan to help new and existing residents buy homes. The presenter said the program also includes a $5,000 grant for closing costs and a $2,000 grant for minor repairs, and that the application process takes about four weeks.

The program, identified in the announcement as the Choose Aurora Homebuyer Assistance Program, is intended to help prospective buyers with down-payment and closing expenses and to support current residents who want to purchase a home. According to the announcement, full program details, eligibility rules and the application form are available on the city of Aurora's website.

No formal vote or ordinance was recorded in the transcript; the remarks were presented as an informational announcement. The speaker characterized the loan as 0% interest and specified the grant amounts but did not provide eligibility criteria, total program funding, or an application deadline in the recorded remarks. The next step described in the announcement was for interested residents to consult the city website for qualification details and to apply.