What is the City of Emeryville’s First Time Homebuyer Loan Assistance Program?

The City’s First Time Homebuyer (FTHB) Loan Program provides down payment assistance to households at or below moderate income (120% AMI) that are purchasing a market-rate or co-op home in Emeryville, in the form of a low-interest, deferred-payment loan. The loan is due upon sale or transfer, when the unit ceases to be owner-occupied, or in 30 years, whichever comes first.  The home purchased must be in the City of Emeryville and the borrower must live in the home as the primary residence.

The maximum loan amount from the City is the least of the following:

• 150% of buyers down payment
• 20% sale price in contract
• 20% of maximum price from the then-current Housing Affordability Table

Please refer to the FTHB Program Guidelines for more details.

What other resources are available to help me afford a home?

Hello Housing is currently offering a Down Payment Assistance Program called AC Boost on behalf of Alameda County. AC Boost provides financial assistance to middle-income working households to purchase a home in Alameda County. The program offers loans of up to $210,000 to first-time homebuyers who live in, work in, or have been displaced from Alameda County. Limited preference is given to first responders and educators (including public school employees and childcare providers). More information on the application process can be found online at ACBoost.org or by calling (510) 500-8840.

Other Down Payment Assistance Programs

Note: Funding for the following programs may be limited.  You will need to contact the program administrators of these programs to find out if funds are currently available

Wish Program – Loans of up to $30,806
NeighborhoodLIFT Program – Loans  of up to $25,000
Black Wealth Builders Fund – Loans of up to $15,000
Black Wealth Initiative – Loans of up to $10,000