Housing Program Offers Down-Payment Grants
- Share via
Down-payment grants of up to $4,000 are available to eligible first-time home buyers through the California Dream program offered by Affordable Housing USA, a nonprofit organization.
Grants are available for families that earn less than $60,000 a year and have credit that is acceptable to Federal Housing Administration standards. Prospective homeowners must attend a free home-ownership training course that covers such topics as preparing for home ownership, shopping for a home, obtaining a mortgage, closing and life as a homeowner.
After completion of the course, participants are assigned a housing counselor who helps them in all the steps to becoming a homeowner. Grants for down-payment assistance do not have to be repaid.
Third-quarter applications must be received by July 15. Brochures and applications are available from 9 a.m. to 5:30 p.m. at Affordable Housing USA, 235 W. 7th St., Suite F, Oxnard, or by sending a self-addressed stamped envelope.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
