I think this is a pretty cool example of what happens when a city and it's surrounding metropolitan area are able to work together:
The city and county of Denver has teamed with the Metro Mayors Caucus to offer the new Metro Mortgage Assistance program, it was announced Thursday.
The program will enable first-time home buyers to get a 4 percent down payment assistance grant and a 6.20 percent, 30-year fixed rate mortgage.
Denver mayor and Philly-area native, John Hickenlooper had this to say about the program:
Increasing opportunities for affordable home ownership is vital to our regional economic development efforts as it is a key factor in corporate relocation, expansion and retention decisions. (emphasis added)