In an ambitious move to make homeownership more accessible, Anthony Alfonso, a real estate veteran and the founder of The Alfonso Group Realty in Fort Lauderdale, has unveiled a new initiative to assist first-time homebuyers. The program will distribute a total of $100,000 in grants, providing $5,000 each to 20 eligible buyers in South Florida’s tri-county area.

Anthony Alfonso

"Helping people achieve their homeownership dreams has always been a major goal of mine. If this initiative proves successful, we are looking to introduce more programs like this in the future,"

This initiative comes at a critical time as rising interest rates and escalating home prices continue to pose significant barriers for many attempting to purchase their first home. Alfonso, who has been in the real estate industry for over 11 years, began his career flipping homes before becoming a real estate agent and quickly realized the challenges many face in achieving homeownership. "This is our first initiative of this scale," Alfonso said. "It reflects our commitment to making the dream of owning a home a reality for those who need it most."

The grant program is designed to be straightforward and inclusive. To qualify, applicants must be first-time homebuyers purchasing in South Florida. They must also get pre-approved for a home loan and choose to work with Stella Stoyanova at CMG Financial as their lender as well as register as a VIP Buyer with The Alfonso Group (which is free of charge).

Alfonso’s primary goal with this initiative is to help as many people as possible overcome the financial hurdles of buying a home. He expressed hope that this program would not only assist individuals and families but also encourage more community-oriented efforts in the real estate sector. "Helping people achieve their homeownership dreams has always been a major goal of mine. If this initiative proves successful, we are looking to introduce more programs like this in the future," he added.

The $100,000 First-Time Homebuyer Initiative will run throughout 2024, providing ample time for potential buyers to benefit from this substantial financial support. For more information on how to apply, prospective buyers can contact The Alfonso Group Realty directly at (954) 419-3619 or schedule a free consultation below.

With this initiative, The Alfonso Group Realty continues to build on its reputation for exceptional service and a deep commitment to the communities it serves across the South Florida region.