County of Los Angeles

L.A. County's MCC program has made about 200 loans since it began in November, 1992. The program covers unincorporated areas and 18 cities that have signed on to participate. Those cities are Azusa, Baldwin Park, Bellflower, Claremont, Culver City, Downey, Duarte, Glendale, Glendora, Hawaiian Gardens, Inglewood, Lawndale, Long Beach, Lynwood, Montebello, Pasadena, San Dimas and Whittier.

To be eligible for the credit, buyers must live in the house. They also must be first-time home buyers or have not owned a primary residence within the past three years.

There are also 62 Census tracts within Los Angeles County where the MCC will pay part of the buyer's closing costs. These are the targeted communities where renters represent more than half of the residents and that the county would like to help stabilize by increasing homeownership.

Single or two-person households may earn a maximum of $56,859 in non-targeted areas or up to $57,960 in targeted areas. Households with three or more people can earn up to $65,388 in non-targeted areas or $67,620 in targeted areas.

The purchase price also is restricted. Buyers of newly built homes in non-targeted areas can spend up to $226,350, while $276,650 is the limit in targeted areas. Existing homes in non-targeted areas may cost up to $227,592 in most communities or $278,169 in targeted areas.

To find out more about Los Angeles County's program, call (213) 890-7001.

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