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Find similar grantsLos Angeles County Affordable Homeownership Program is sponsored by Los Angeles County, CA. This program aims to make homeownership more affordable in Los Angeles County, California. Seniors in the county seeking to purchase a home may find assistance through this program.
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Or search similar grants →Extracted from the official opportunity page/RFP to help you evaluate fit faster.
The Los Angeles County Development Authority (LACDA) provides first-time homebuyer down payment assistance to low- and moderate- income households who are unable to purchase a new home. The homebuyer must meet credit underwriting criteria established by the lender providing the first mortgage loan, as well as, underwriting for the LACDA.
The LACDA provides the financial assistance via a secondary mortgage, with all payments deferred until sale, transfer, or refinancing. The LACDA shares in a percentage of the equity accumulated on the property, depending upon the circumstances that exist at the time of subsequent sale, transfer, or refinancing.
The applicant must meet the income eligibility requirements for the AHOP Program; The applicant may not have held an ownership interest in a Principal Residence with in the past there years; The applicant must occupy the acquired housing as a "Principal Residence"; and The applicant must attain homeownership counseling and education from an agency accredited and certified by the U.S. Department of Housing and Urban Development or National Reinvestment Corporation.
All who will be named on title must attend this training and each person must present a certificate. 2019 Maximum Annual Income Limits Apply to Become an Agency User No optional tools active — waiting for your choice We don’t track anything until you say so We use optional analytics and chat tools to improve site performance and support services. site functionality are always active.
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According to the current listing, eligibility includes: Eligible homebuyers in Los Angeles County, California. Specific requirements should be confirmed with the funder. Confirm the full requirements in the official notice before applying.
Los Angeles County Affordable Homeownership Program is funded by Los Angeles County, CA. Verify program details on the funder's official page before applying.
This opportunity targets applicants in California. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.