CALHFA Recieves $100 Million for Home Buyer Program

The California Housing Finance Agency (CalHFA) recently received an additional $100 million to help fund the California Home Buyer's Down Payment Assistance Program (CHDAP). The funds are made available through the passage of Prop. 1C, approved by California voters in 2006. To date, more than 18,000 California families have received CHDAP loans since Prop. C's passage. An additional $145 million in down payment assistance loans have also been made available since the passage of Prop. 46 in 2002, which also funds the CHDAP. That figure includes roughly $30 million in recycled funds and interest payments.

http://www.calhfa.ca.gov/about/publications/press-releases/2007/pr2007-25.pdf

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With prices as low as $225,000 in Menifee for a 3 bedroom home and 1st time home buyer programs, now may be a good opportunity to get into a home.

Anna Hill
Century 21 Executive Properties
951-272-9019
Anna-Hill.com