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 ...

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HTF Certified by HUD as a Non-Profit Secondary Loan Provider

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HTF has received its certification as a Nonprofit Secondary Lender from the HUD Santa Ana Homeownership Center. This certification enables us to access FHA programs and Fannie Mae and Freddie Mac secondary markets and expands the number of private lenders that can work with the Housing Trust Fund to implement our Workforce Homebuyer Programs.

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North County Workforce Homebuyer Program A Success In 2014

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In FY13-14 HTF funded another 18 down payment loans for low-income homebuyers in the North County communities of Santa Maria, Lompoc and Guadalupe. We have now fully deployed $846,674 in State Local Housing Trust Fund grant monies to fund a total of 28 loans to first-time homebuyers.

Our North County program offered 30-year deferred payment loans to assist low-income families in purchasing an entry-level home. 75% of the loans were made to homebuyers that purchased homes ...

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HTF provides funds for first time home buyers in North County Santa Barbara

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Since launching its North County Workforce Homebuyer Program in May 2012, HTF has funded 16 down payment loans for first-time working families in the North County communities of Santa Maria, Lompoc and Guadalupe.  The North County homebuyer program provides 30-year deferred payment loans up to $42,000 to assist low-income families in purchasing an entry-level home in their community.  To date, the average loan has been $30,000 with the average home acquisition price $184,000.  70% ...

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HTF provides home buyer down payment loans in Carpinteria

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The Housing Trust Fund is managing a pilot Workforce Homebuyer Down Payment Loan Program for the City of Carpinteria. The program helps bridge the homeownership affordability gap by providing 30-year deferred payment loans up to 16.5% of the home purchase price, or a maximum loan of $75,000, to assist eligible households earning up to 200% of Area Median Income, or $146,600 for a family of four, in purchasing a home within the City of ...

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