July 29, 2021
Alameda County is accepting applications until August 30, 2021 for its AC Boost Installment Assistance Program. The program will provide more than $ 12 million in loans of up to $ 210,000 per household to help first-time home buyers buy a home.
Launched in 2019, the program funded by measure A1 provides financial assistance for the purchase of housing to active low- and middle-income households, with priority given to first responders and educators (including employees of public schools and daycares). AC Boost has so far helped 78 households buy their first home in Alameda County.
Eligible buyers must a) currently live or work in Alameda County or b) have been relocated from a home in Alameda County within the past 10 years. Applicants’ household income must be equal to or less than 120% of the region’s median income (“AMI”) to be eligible for a loan of up to $ 160,000. Those with household income equal to or less than 100% of the MAI may be eligible for a larger loan of up to $ 210,000. These down payment assistance funds can also be used in conjunction with the City of Dublin’s First Home Buyer’s Loan Program.
To learn more about the program and / or to apply, visit www.acboost.org.
This press release was produced by the City of Dublin. The opinions expressed are those of the author.