The Southland Regional Association of Realtors (SRAR) announced today that they will begin to accept applications from first-time homebuyers in Santa Clarita and the San Fernando Valley for a $4,000 grant. Qualifying first-time homebuyers for this grant must be "Public Safety Responders," which includes: Police Officers, Sheriffs, Firefighters, Emergency Medical Technicians, and California Highway Patrol.
The $4,000 grant money comes from the California Association of Realtors Housing Affordability Fund (HAF).
The are some requirements for the grant money, as well as income limitations.
- Applicant must be a first-time homebuyer, as defined by the State of California.
- Applicant must use a Realtor member of the Southland Regional Association of Realtors in the purchase of their home through the close of escrow.
- Applicant must be an employee of a fire department, police department, or paramedic unit within the city of Los Angeles, Santa Clarita, or San Fernando, or the California Highway Patrol and must provide evidence of such employment.
- Applicant must also participate in ONE of the following programs, all of which have similar income limits:
- Walk-in homebuyer program (City of Los Angeles)
- American Dream Down Payment Initiative (ADDI) (City of Los Angeles)
- Low Income Purchase Assistance Program (LIPAP)(City of Los Angeles)
- Mortgage Credit Certificate Program (MCC)(City of Los Angeles & LA County)
- Housing Economic Recovery Ownership (HERO)
- Home Ownership Program (HOP) (Selected cities of Los Angeles)
- Southern California Home Financing Authority (SCHFA) (County of Los Angeles except city of Los Angeles)
- Employer Assistance Programs
- The U.S. Department of Housing and Urban Developments (HUD) Good Neighbor Next Door Program
- Applicant must attend the Los Angeles neighborhood Housing Services (LANHS) First-Time Homebuyer seminar and must prove the successful completion of the seminar with the certificate provided by LANHS.
For details on any of the above programs, please contact us @ The Robert and Brian Team so we can put you in the right direction on how to get more information on them, since participation in one of the above programs is mandatory in order to be considered for this grant.
Payment of the $4,000 to the homebuyers for this grant, is made after the successful close of escrow. Acceptance of your application does not guarantee payment. This is first come first serve, until the funded program runs out of money. Grants will be awarded to qualified applicants based on availability of funds and according to individual applicant need, as determined by the reviewing committee.
For help with your Santa Clarita home search, whether you are a first-tie homebuyer or not, please give us a call @ The Robert and Brian Team @ 661-964-1760. Or just visit us at our Santa Clarita real estate website.