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City Receives a $1million State CALHOME Grant for a Down Payment Assistance Loan Program for First Time Home Buyers
October 18, 2012
The City of Livermore announces the availability of down payment assistance funds for low income, first time homebuyers through the City’s CalHome Mortgage Assistance Program. The City recently received a $1million CalHome Program grant from the State of California Housing and Community Development Department (HCD) to fund the City’s Mortgage Assistance Program. The CalHome Program is funded by the State through Proposition 1C, the Housing and Emergency Shelter Trust Fund Act of 2006.
The City has been the past recipient of CalHome funds and has assisted 25 households to achieve the dream of homeownership. The City’s CalHome Mortgage Assistance Program (MAP) will provide low interest deferred payment loans of up to $40,000 to low income, first-time homebuyers purchasing homes in Livermore. CalHome funds can be used towards down payment and closing costs. Funds are immediately available for FY12/13.
The application, qualifications and program guidelines are available on the City’s website at: http://www.cityoflivermore.net/citygov/cd/hhs/housing/mortgage.asp Information can be also obtained from the City’s Housing and Human Services Division of the Community Development Department via email (email@example.com) or phone (925-960-4580).
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