South Coast Workforce Homebuyer Program Planning Underway

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Our goal is to raise $2.5 million in investment capital to provide 10-year interest only down payment loans up to $100,000 to help moderate to middle income workforce homebuyers in South County purchase an entry-level home. In 2014 we met with local lenders to solicit their input on the program design and discuss investment partnerships. We created a program framework that lays out the financial structure of the program, general underwriting criteria and investment options for our investors. We are actively engaged in raising capital, with hopes to launch the program by second quarter 2015.

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