Los Angeles County Development Authority<\/a>\u00a0(LACDA) to accept an award of $4,999,675 through the California Department of Housing and Community Development’s CalHome Program, established under Assembly Bill 434 and authored by former California Assemblymember Tom Daly.<\/p>\nCalHome supports homeownership programs operated by private nonprofit and local government agencies to increase homeownership, encourage neighborhood revitalization, and promote sustainable development.<\/p>\n
Eligible households may receive down payment assistance of up to $200,000, or 40% of the purchase price\u2013whichever is lower.\u00a0While CalHome is traditionally a first-time homebuyer program for lower-income households, its disaster provisions expand eligibility to moderate-income households earning up to 150% of the Area Median Income (AMI)<\/strong>. For a family of four in Los Angeles County, that threshold is approximately $159,900 per year\u2014meaningfully broader than the 120% AMI cap that applies to LACDA’s existing homebuyer assistance programs.<\/p>\nAs next steps, LACDA will develop a comprehensive implementation plan to roll out the program, including eligibility criteria, outreach strategies, and coordination with local housing partners.<\/p>\n
Supervisor Barger\u2019s motion reflects Los Angeles County’s commitment to addressing the ongoing housing crisis stemming from the wildfires by creating viable pathways to homeownership. \u201cWhen families have a place to call their own, entire neighborhoods benefit and thrive,\u201d added\u00a0Supervisor Barger<\/strong>. \u201cRolling out this program is another essential step toward building generational wealth and stronger communities. Altadena and our other impacted communities deserve this support.”<\/p>\n","protected":false},"excerpt":{"rendered":"Today, the Los Angeles County Board...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-79799","post","type-post","status-publish","format-standard","hentry","category-ca-local"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/79799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79799"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/79799\/revisions"}],"predecessor-version":[{"id":79800,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/79799\/revisions\/79800"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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