High Point program offers $7,500 to buy home in city’s core

HIGH POINT, N.C. -- City officials say a program started two years ago to attract more people, especially millennials, to move into the heart of the city is picking up steam.

"We are getting a lot of calls, lot of interest, we think this is going to take off," said Michael McNair, director of the city's community development and housing. "It was slow starting but in the last year we've had 12 new home buyers."

The program will give anyone, no matter your income, $7,500, to buy a home in the core of the city. The only restrictions are the home can't be more than $200,000 and you must live there for five years.

"It's kind of a recruiting tool," said McNair. "It's a program that we are getting a lot of feedback from; real estate community is getting behind it."

While the program is open to anyone, the state will add an addition $15,000, but that additional money comes with income restrictions. Meaning some residents could qualify for $22,000 to move the core of the city.

"The core is the future of High Point."

For more information on the program, click here.