The federal government has started a program called the “American Dream Down Payment Initiative,” and it could mean free money for you. If you’ve never owned a home, you are potentially eligible for a grant of up to $10,000 toward the price of a home. You can buy either a quadplex, a condo, co-op or mobile home. You must be a first-time homeowner, and you must me income eligible. That means you can’t earn more than a certain amount, usually $40,000 to $50,000. The program has a limited number of slots available, and it will be a little while it goes into effect. But it’s a terrific idea. PHAs and LHAs, public housing authorities and local housing authorities will administer the program. Hud.gov has information about the program. But you’ll want to get in early because the money is limited. And remember, it’s a grant not a loan. You don’t have to pay it back. Why is this a good thing for taxpayers? People who own a home have more of a stake in their community and tend to do more to keep it clean and fight against crime. Therefore, the value of the homes increase and the quality of life is much better for everyone.