The Santa Clara County REALTORS® Foundation, the charitable arm of the Santa Clara County Association of REALTORS® (SCCAOR), is proud to announce the first recipient of the Down Payment Assistance Program’s First-Time Homebuyer Grant.

SAN JOSE, Calif., Dec. 22, 2022 (GLOBE NEWSWIRE) — The Santa Clara County Realtors® Foundation (SCCRF), the charitable arm of the Santa Clara County Association of Realtors® (SCCAOR), is proud to announce the first… Recipients of the First-Time Homebuyer Grant of the Down Payment Assistance Program.

SCCRF grants provide up to $10,000 to qualified first-time home buyers who have traditionally been underserved to help them achieve the American Dream of homeownership. The people who serve our communities are often not able to live in the communities they serve. Those who give so much for our communities, including teachers, nurses, firefighters and police officers, are often left out when it comes to home ownership in Santa Clara County. This “missing middle” is made up of people who earn too much to qualify for low-income programs, but need a little help getting into their home.

SCCAOR member, Xavier Williams, had a first-time home buyer who was struggling to afford the down payment on a home in Santa Clara County. The down payment assistance program enabled them to buy their first home and put down roots. They are incredibly grateful for the opportunity the SCCRF Down Payment Assistance Program has provided their family, and are looking forward to spending the holidays in their new home.

Ability:

-Property must be a single family residence, townhouse or condominium

-Property must be within Santa Clara County

-The buyer should be a first time home buyer

-Buyer’s income should not exceed 100% of the area median income

-Buyer must currently be in a ratified contract

-Agent must be a member of SCCAOR REALTOR®

The program was initially funded by a $50,000 award from the California Association of Realtors®. SCCRF was able to match that $50,000 for an initial total of $100,000 in funds available to qualified applicants.

If you meet all the qualifications, apply here,

For more information, including AMI charts, please visit our website: here,

the story continues

If you have further questions about eligibility, or the program in general, the FAQ can be viewed by clicking here,

CONTACT: Jordan Nunes Santa Clara County Association of REALTORS® 4084455071 [email protected]