Truckee’s Local First-time Homebuyers Down-Payment Assistance Program
Monday, November 30th, 2009Great news for the town of Truckee! A first-time homebuyers’ assistance program was recently passed. This will help buyers with the downpayment of their home and allow many new buyers to take this exciting step forward! Below are the details of this new assistance program.
Abstract: The Town of Truckee, in partnership with its Redevelopment Agency, has established a first-time homebuyer’s down-payment assistance program (a.k.a. “silent second”) to increase for-purchase housing opportunities. The program is geared towards working folks in three income classifications that are prevalent locally: “low-income”, “moderate-income”, and “above-moderate income”. Program participants are required to either live or work within the Town’s boundaries. This down-payment assistance program targets the existing housing stock, with most all forms of residential dwellings eligible to participate (i.e., single-family detached homes, duplexes, tri-and-four plex units, condominiums, and even manufactured homes – so long as the unit has a permanent foundation). (more…)




