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Read Full Story >>Local cities receiving $3.2M for mortgage assistance
- Details
- Published on 04/27/2012 - 1:06 pm
- Written by Business Journal Staff
Assemblymember Henry T. Perea (D-Fresno) announced today that three Fresno County cities will receive a total of nearly $3.2 million for home mortgage assistance and home rehab projects.
The funds come from the state Department of Housing and Community Development's CalHome Program, which is funded by Prop 1C and helps local agencies create affordable housing opportunities.
The city of Fresno will receive $1.5 million, which will be used to provide mortgage assistance loans to 22 first-time, low-income home buyers and provide rehab assistance to 16 low-income homeowners.
The city of Parlier is receiving $1 million to provide mortgage assistance to 10 home buyers and rehab help to 10 homeowners.
The city of Sanger will get $692,3000 to provide mortgage asssitance to 45 home buyers.
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