Merry Christmas to First Time Home Buyers from the Housing Affordability Fund! Starting December 1, 2016 C.A.R.’s Housing Affordability Fund’s Homeowners Association Grant Program will provide qualified first-time California homebuyers up to six months of HOA dues, not to exceed $2,500.
Due to limited availability, funds will be distributed on a first come/first served basis.
Homebuyers must use a California REALTOR® in the transaction and Purchase a primary single family residence applicable HOA dues/fees in California with the intent to occupy the property as your primary residence. In Nevada County, this is especially welcome as funds may apply to Lake Wildwood and Lake of The Pines, both of which are popular with first time home buyers due to the amenities of the gated subdivisions.
Your REALTOR® will need to help you fill out application and certification forms along with the rules and regulations forms in order for you to be eligible for this wonderful grant program.
This program is just one more example of how local and state REALTORS are making a difference for home buyers sellers. The CALIFORNIA ASSOCIATION OF REALTORS® Housing Affordability Fund plays an active role in addressing the ongoing housing affordability crisis facing our state. H.A.F. raises and distributes funds in partnership with local associations and other groups to promote housing and homeownership.