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The California Dream for All Shared Appreciation Loan program launched in late March, offering qualified first-time home buyers loans worth up to 20% of the purchase price of a house or ...
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First-time homebuyer programs: If you’re a first-time homebuyer, you might qualify for help affording the home. Some lenders offer a mix of slightly discounted mortgage rates, minimal fees and ...
Subdivision laws enforced by the Department help ensure that subdividers deliver to buyers what was agreed to at the time of sale. Before subdivided real property can be marketed in California, subdividers must obtain a public report from the Department disclosing to prospective buyers pertinent information about a particular subdivision. [9]
If for example a state plans to use $1 million of HOME funds during the year, HUD provides $750,000 (75%) and the State must provide $250,000 (25%) for the program to achieve the $1 million goal. This compliance requirement is known as "matching." States can achieve this by either donating non-federal cash (e.g., cash from operations—not from ...
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. [2] [3]
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