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Placer County amends first-time homebuyer program guidelines; $2.6M allocated to help buyers
Summary
The board authorized amendments to the First-Time Homebuyer Program to separate HOME from CDBG and PLHA funding streams and approved authority for the CEO to execute program documents; roughly $2.6 million is available to assist 15–25 households over three years.
Placer County supervisors voted May 13 to adopt amendments to the county’s First-Time Homebuyer Program guidelines and authorized the county executive officer to update program loan documents and execute related agreements to reflect current funding sources.
Darius Brown, housing specialist in Economic Development and Housing, said the program uses three awards: the HOME Investment Partnerships (HOME) federal program, Community Development Block Grant (CDBG) federal program, and the state’s Permanent Local…
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