Politics & Government
Homebuyer Assistance Applications Due Soon In Alameda County
The last application period for this year's down payment assistance through "AC BOOST" is open. Here's what to know.
ALAMEDA COUNTY, CA — Prospective homebuyers have until May 15 to apply for the Alameda County Down Payment Assistance Program —or AC BOOST — which can provide loans of up to $210,000 to help eligible residents purchase a house.
The program is funded by Measure A1 and is designed to help people who live and work in Alameda County, or were recently displaced, to get a leg up on home ownership.
Households earning less than the area median income can be eligible for AC Boost loans of up to $210,000, while households earning between 100 and 120 percent of the AMI can be eligible for $160,000. The shared-appreciation loans carry no interest or monthly payment requirements, but eligible buyers must be qualified for a first mortgage. The county also prioritizes first responders and educators.
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Prospective buyers can submit a pre-application online until May 15 to participate in the lottery for funding.
Residents can learn more about AC Boost on the county's website.
Find out what's happening in Berkeleyfor free with the latest updates from Patch.
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