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First-time home buyer assistance available in Alhambra

Alhambra Development Services is offering first-time home buyers up to $75,000 in down-payment assistance, World Journal (世界日報) reports.Eligible applicants must be an Alhambra resident for two consecutive years and a U.S. citizen or permanent resident. Applicants must also have 2 percent of the purchase price available, and must not have owned any property in the U.S. within three years. The property must be located in Alhambra, must remain affordable for 15 years, and must be the buyer’s principal state of residence.

To qualify, applicants must also not exceed household income limits:

  • 1-person households: $45,650
  • 2-person households: $52,200
  • 3-person households: $58,700
  • 4-person households: $65,200
  • 5-person households: $70,450
  • 6-person households: $75,650
  • 7-person households: $80,850
  • 8-person households: $86,100

Learn more about the program here. First-time buyers interested in participating can call (626) 570-5037 for an eligibility consultation and to request an application form. Application forms are available in English, Chinese, and Spanish.

A version of this article was originally published in World Journal. This story was translated from Chinese to English by a volunteer translator. If you notice a mistake in translation, please email our editors at editor@alhambrasource.org.

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1 thought on “First-time home buyer assistance available in Alhambra”

  1. At first, I found this to be quite generous and it just seems wrong to me to give money away like that.

    However, when I consider what the federal reserve has done over the last five years, printing money and bailing out all the well-connected so they can keep their mansions and yachts, it doesn’t seem like much anymore. Helping “responsible” people into their own home may not be such a bad idea.

    I think our downfall started when we went off the gold standard, but I think that’s a discussion for another time.

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