The City of Santa Clarita is inviting local residents to attend informational meetings on its first-time homebuyer program, called FirstHOME. The meetings will be held on Saturday, September 26 from 10 a.m. – 12 p.m. at the City’s Sports Complex Activities Center and Tuesday, September 29 from 7-9 p.m. at City Hall’s first floor Council Chambers.
Made possible via a grant from the State’s Department of Housing and Community Development, FirstHOME assists eligible low and moderate income families in purchasing their first home. The program offers a low-interest, deferred-payment second mortgage to be used as a down payment on a home inside the City limits. Because funding is limited, the City will hold a lottery to offer the opportunity to apply for the program. At least one buyer from each household must attend one of the meetings in order to be eligible for the lottery.
Anyone looking to purchase a home in Santa Clarita is eligible to apply for the program. Applicants who have lived or worked inside City limits for at least the last 6 months will be given priority in the lottery.
Homes purchased through the program may be single family or condominiums. Loans can not exceed 50 percent of the sale price of the home. Additional limits on the number of bedrooms and total loan amounts also apply.
The City’s Sports Complex Activities Center is located at 20880 Centre Pointe Parkway. City Hall is located at 23920 Valencia Boulevard.
For more information on the City’s FirstHOME program, including eligibility requirements, call (661) 286-4141visit www.Santa-Clarita.com/housing and click the “FirstHOME” logo at the bottom of the page.
