Bay Area aid program opens for new home buyers

Bay Area aid program opens for new home buyers

3 years ago
Anonymous $RGO3jP_V_c

https://www.siliconvalley.com/2020/12/02/bay-area-aid-program-opens-for-new-home-buyers/

Amid soaring Bay Area housing prices and a tightening home market for blue collar workers, the Wells Fargo Foundation announced Wednesday a $9.5 million program to aid first-time buyers with down payments.

Low and moderate income families in the Bay Area will be eligible for the $25,000 grants, part of a long-running, nationwide program by a charitable branch of the San Francisco-based bank. The program, known as NeighborhoodLIFT, is expected to assist 359 residents next year earning less than the median household income make down payments on homes in San Francisco, Santa Clara, San Mateo, Solano, Alameda and Contra Costa counties.