ELARC - Eastern Los Angeles Regional Center for the Developmentally Disabled Inc.

03/28/2024 | News release | Distributed by Public on 03/28/2024 16:18

Down Payment Assistance Program for First-time Homebuyers

Visit the California Housing Finance Agency (CalHFA) website, https://www.calhfa.ca.gov/dream/index.htm to learn more about their "California Dream For All Shared Appreciation Loan"

The "Dream For All Shared Appreciation Loan" is a down payment assistance program for first-time homebuyers to be used in conjunction with the "Dream For All Conventional" first mortgage for down payment and/or closing costs. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. Follow this link to view a 3 minute video that will help you get ready for the application process: CA Dream For All: What You Can Do Now To Get Ready

The Registration Portal will open April 3, 2024, at 8:00 am PDT and close April 29, 2024, at 5:00 pm PDT.