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The ReCoverCA Homebuyer Assistance (HBA) Program is offering a few more in-person workshops this week to help low- and moderate-income (LMI) individuals and families impacted by the 2017 California wildfires learn about financial assistance to help them purchase homes in safer, lower-fire-risk areas of California.
Upcoming Workshops
Workshops will be held in the evening from 7:00 p.m. to 8:00 p.m. to provide valuable information on eligibility, the application process, and how the program can assist participants in purchasing a home.
The ReCoverCA HBA Program provides up to $350,000 in financial assistance to eligible households, helping bridge the affordability gap between what an applicant can afford with a First Mortgage Loan and the purchase price of an eligible property. This assistance is fully forgiven after five years of continued ownership and occupancy. There is no requirement to be a first-time homebuyer, and applicants do not need perfect credit.
“Rent increases and housing costs continue to be a challenge here, especially after the unprecedented fires of 2020. Financial assistance of this size can go a long way towards helping low-and-moderate income families secure long-term housing and re-establish roots in communities," says Napa County Supervisor Anne Cottrell.
Eligibility and Funding
To qualify for the current funding (approximately $9 million), applicants must meet household income limits, which generally cap at 80% of the area median income for LMI families, and have had a primary residence in 2017 within a High or Very High Fire Severity Zone in the following areas:
- County of Sonoma
- County of Ventura
- Zip Code 95470 (Mendocino County)
- Zip Code 95901 (Yuba County)
- Zip Code 94558 (Napa County)
- Zip Code 95422 (Clearlake, Lake County)
- Zip Code 93108 (Montecito, Santa Barbara County)
How to Register
To register to attend the events this week, click on the individual date links above or visit the calendar of upcoming homebuyer workshops.
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