CalHome
Background
On March 13, 2025, the Trust submitted a CalHome grant application for $3,964,500 to be allocated to the First-Time Homebuyer Mortgage Assistance Program (“MA Program”). The MA Program, when awarded, will allow the Trust to assist 18 homes with down payment assistance of up to $200,000 per assisted household. In its Notice of Conditional Award Commitment Letter (“Conditional Award Commitment”), HCD granted a full award of $3,964,500 to the Trust on October 27, 2025.
A summary of the First-Time Homebuyer Mortgage Assistance Program (i.e., MA Program) funding plan breakdown is provided in the following table and described in greater detail through this document.
Program
On January 7, 2026, the Trust adopted Resolution 26-1 to accept and incur an obligation for the CalHome Program Mortgage Assistance Program Award. An estimated $3,964,500 will be used by the Trust to assist 18 homes with down payment assistance of up to $200,000 per assisted household.
