ST. LOUIS - PMI Mortgage Insurance Co., in conjunction with Fannie Mae's Community Home Buyer Program and local lenders, is working to bring homeowners back to inner-city St. Louis.

Using $500,000 in federal grants, the program subsidizes down payments and closing costs on residential properties in the city. PMI insured the first mortgages to be issued by the program.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.