C.A.R. HAF’s Closing Cost Assistance Grant Program
C.A.R. HAF’s Closing Cost Assistance Grant Program, in partnership with Neighborhood Housing Services of LA County (NHSLA), will join efforts to close homeownership gaps that impact the state’s underserved communities* with the C.A.R. HAF’s Closing Cost Assistance Grant Program.
The C.A.R. HAF’s Closing Cost Assistance Grant Program is a fully forgiven grant with no repayment due. Funds are available on a first-come, first-serve basis with a fully accepted purchase contract from a borrower using a REALTOR® who is a member of the CALIFORNIA ASSOCIATION OF REALTORS®.)
The program helps first-time homebuyers bridge the affordability gap by providing them with a maximum grant amount of $10,000 in closing cost assistance. Each grant is provided to low-to-moderate income (120% AMI and below) first-time homebuyers who utilize the services of a CA REALTOR®.
All applications will be processed & approved on a first-come-first-served basis.
The maximum grant amount is $10,000 and the lender financing your loan will need to accept the terms & conditions of the HAF program which is a grant program with no repayment requirement. Visit C.A.R.’s Housing Affordability Fund website for more information.
* Eligible recipients must complete 8-hours of HUD approved first-time homebuyer education class
*“Underserved Community” includes: (i) people of color; (ii) persons who are homeless or otherwise experiencing housing instability; (iii) persons with disabilities (physical or mental), particularly persons living in housing with one or more qualities of an institutional setting, persons leaving institutions, or persons at-risk of institutionalization; (iv) persons living in impoverished areas or experiencing persistent poverty or inequality, including historical wealth disparities as compared to majority groups; and (v) lesbian, gay, bisexual, transgender, and queer (LGBTQ+) persons.
Call us for more information at: 213-381-2862
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