VCCDC Launches CalHome Disaster Recovery Loan Program

VCCDC is pleased to announce the launch of its newest homebuying assistance program, the CalHome Disaster Recovery Deferred Loan Program, made possible with funds from the California Department of Housing and Community Development (HCD) .

Since 2007, VCCDC has been awarded $7M in funding for the First-Time Homebuyer Mortgage Assistance Program from the HCD for the CalHome Program. The $3.3M in additional funds, awarded earlier this year, will allow VCCDC to provide down payment assistance for eligible homebuyers in Ventura County. Eligible homebuyers who were physically and/or economically displaced by the Thomas or Woolsey Fires and who fall within the low-to-moderate income limits have an opportunity to access up to $100,000 in down payment assistance (other restrictions will apply).

This substantial down payment support can be life-changing for residents in areas where housing affordability was already out of reach for many and further exacerbated by the natural disasters in 2017 and 2018. Despite the challenging times after the natural disasters hit its service areas, VCCDC has been successful with assisting many low- to-moderate income achieve their dream of homeownership through its tailored resources and services. The additional funding will make purchasing an affordable home possible for more local individuals and families.

“In Ventura County where only 30% of our residents can afford their own home, this funding not only mobilizes resources for local families, but also has a great impact on community growth and development”, says Bertha Garcia, VCCDC’s Executive Director, “opportunities like the CalHome Program move us one step closer to overcoming the housing crisis we are facing”.

Check out our flyer for further details! For questions or to determine eligibility please schedule a Mortgage Lending Phone Consultation at www.vccdc.org/app or call 805-273-7800.

Other criteria and restrictions will apply. VCCDC is an equal housing lender. Mortgage broker licensed with the CA DRE #01521885; NMLS #347041.