In a continuing effort to address California’s growing housing affordability crisis and racial homeownership divide, C.A.R.’s Housing Affordability Fund (HAF) will provide another $500,000 in closing cost assistance for eligible first-time California homebuyers from an underserved community, C.A.R. announced today.
The additional amount brings the total to $2 million in grants for the Pathway to Homeownership grant program in support of the Association’s Fair Housing and Diversity efforts. Since 2022, C.A.R.’s Housing Affordability Fund’s Pathway to Homeownership Closing Cost Assistance grant program has provided closing cost grants totaling $1.5 million for 156 first-time home buyer families from an underserved community throughout California.
C.A.R.’s HAF Pathway to Homeownership Closing Cost Assistance Grant Program helps bridge the housing affordability gap for first-time homebuyers* who are members of an underserved community** by providing up to $10,000 in closing cost assistance. Each grant is provided to low- to-moderate income, first-time homebuyers who use the services of a California REALTOR®.
Read more