California Aid Program for First-Time Homebuyers Is Open for 2024 While Funds Last

The California Dream for All Fund is now welcoming new applicants for up to $150,000 in down payment assistance on a home for first-time buyers. Applications will be accepted until April 29 at 5 p.m. New to 2024, the program will select recipients via a lottery, according to the California Housing Finance Agency, which administers the program. For those approved, the program provides loans for 20 percent of a home’s value, but no greater than $150,000, and purchasers repay it when selling or transferring the property plus 20 percent of any appreciation in its value. Those making less than their county’s area median income pay 15 percent of the appreciation....