Row of houses in Santa Barbara county with front lawns

Workforce Homebuyer Program

The Workforce Homebuyer Program provides low-to-middle income home buyers down payment loans, which enables them to secure conventional financing and removes financial barriers to the dream of home ownership by lowering home acquisition and carrying costs. Our loans help qualified working families and individuals to buy a home that provides a stable residence that strengthens the family and the neighborhood.

Workforce Homebuyer Program Workshop

Program Purpose

Our innovative Workforce Homebuyer Program provides down payment loans up to $100,000 in Northern Santa Barbara County and up to $125,000 in Southern Santa Barbara County.

Program Benefits

Our workforce homebuyer loans enable employees to put down roots in a community and allows employers to attract and retain high quality employees that are vital for a thriving economy and vibrant communities.

North County  Program Information

In April 2022 the HTF reactivated its North County Workforce Homebuyer Program. This $2 million homebuyer assistance program provides 30-year deferred down payment loans up to $100,000 for first-time low-income homebuyers.  The program focuses on the communities of Santa Maria, Lompoc, Guadalupe and the unincorporated areas of Northern Santa Barbara County, although eligible borrowers may purchase a home anywhere within Santa Barbara County.

Santa Barbara county housing market areas map

South Coast Program Information

In 2018 the HTF launched a South Coast Workforce Homebuyer Program. This $3.5 million homebuyer assistance program provides 10-year simple interest only down payment loans up to $125,000 to help low to middle income workforce homebuyers in South County purchase a home. Loans for market rate homes have a 10-year term and loans for affordable resale restricted homes have a 15-year term.

Carpinteria Program Information

HTF manages the City of Carpinteria program that provides 30-year deferred shared appreciation down payment loans up to $100,000 to help low to middle income workforce homebuyers purchase an entry-level home in Carpinteria.

Yvette Lounsbury, Homebuyer Loan Administrator

For Workforce Homebuyer
Program Information Contact:

Yvette Lounsbury
Homebuyer Loan Administrator
Housing Trust Fund of Santa Barbara County
(805) 845-3585
YLounsbury@sbhousingtrust.org

Workforce Homebuyer Down Payment Program Power Point Presentation

Click Link to Download:

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MAIN OFFICE

Jennifer McGovern
President and CEO
(805) 685-1949
J.McGovern@sbhousingtrust.org

WORKFORCE HOMEBUYER OFFICE

Yvette Lounsbury
Homebuyer Loan Administrator
(805) 845-3585
YLounsbury@sbhousingtrust.org

© 2022 Housing Trust Fund of Santa Barbara County

ADDRESS

Housing Trust Fund
of Santa Barbara County
P. O. Box 60909
Santa Barbara, CA 93160-0909

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