06/17/2024
Attention First-Time Homebuyers!
The California Association of REALTORS® (C.A.R.) Housing Affordability Fund (HAF) and the San Luis Obispo Coastal Association of REALTORS® (SLO Coastal) have teamed up to offer grants of $3,000 to First-Time Homebuyers who are interested in purchasing property in San Luis Obispo County.
The SLO Coastal First-Time Homebuyer Grant program will provide $3,000 grants to eligible first-time homebuyers in San Luis Obispo County on a first-come, first-served basis. These grants can be used for actual closing costs, including but not limited to title and escrow fees, first-time homebuyer education, loan buy-downs, and other one-time closing costs. However, the funds cannot be used for recurring expenses such as taxes and insurance. Once approved, recipients will be notified, and the grant funds will be delivered to escrow.
To be eligible, buyers must earn less than 140% of the Area Median Income (AMI), which is $175,840 and must be represented by a California REALTOR®. For more details and to apply go to https://slocaor.org/slocaorgrant
