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What's New in Housing
Laurel Creek
Applications are
now available for the Laurel Creek project. This is an excellent
program that provides substantial down payment assistance to eligible
households through the State of California's BEGIN program. This
is a unique program that was awarded to the project after a competitive
process for limited available funds. Eligible first-time
homebuyers will benefit
from $92-$128 thousand in down payment assistance, which is provided at
3% simple interest. Periodic payments are not required during the
term of the loan to insure an affordable monthly payment for the
borrower. These homes are available on a first-come, first-served
basis so apply today!
CDBG
- Community Development Block Grant 2009 Cycle
The City expects to
receive approximately $600,000 in federal CDBG funds for the 2009
cycle. CDBG activities must, by law, meet federal objectives and
rules. The Housing and Urban Development Department (HUD) has three
broad national objectives:
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To benefit persons and households with incomes
below 80 percent of area median incomes.
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To aid in the prevention or
elimination of slums or blight; and
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To meet urgent community
development needs that pose a serious, immediate threat to public
health or welfare, such as floods, earthquakes or other disasters.
Applications and more detailed information
about the program are available here.
For more information contact
Michael Codron, Housing Programs Manager, at 781-7175. Or, by
e-mail at mcodron@slocity.org.
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