California State
J.R. Heimbigner | Contributed
Are you struggling with the high cost of housing in California? Know you’re not alone. Here’s some good news. Did you know that stimulus money is still available to homeowners and renters in California? In addition, there are also some new government programs that will help you cover the cost of rent or your mortgage.
“We have to use every tool in our toolbox to tackle the housing affordability crisis head-on.” – Governor Gavin Newsom
Programs Available to Renters in California
First, let’s see what money is available for renters. As a resident of Texas, you actually have several things you can do if you would like some money for your rent. For example, you can go to this webpage for the Los Angeles Housing Department. Once there, you can use this tool to find out more information about what is available in California. You’ll also be able to learn more about the application process.
Programs to Help California Homeowners
What are your options if you actually own your home? The key is to know where you stand right now. Well, if you know that your situation is short-term and temporary, you can visit this webpage right here. If you know that your situation is more long-term, you can go here. If you’re not sure, you can always visit the Homeowner Assistance Fund page right here.
California also recently established two initiatives to assist those who want to become homeowners, one of which allows first-time homebuyers to borrow a down payment at 0% interest.
The California Department of Housing and Community Development is committed to preserving and expanding safe, affordable housing so that more Californians can call it home. The Forgivable Equity Builder Loan program, according to the California Housing Finance Agency, will assist purchasers with a loan of up to 10% of the purchase price.
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