The Pathway to Homeownership Closing Cost Assistance Grant Program helps first-time homebuyers who are members of an “Underserved Community*” bridge the affordability gap by providing them with up to $10,000 in closing cost assistance. Each grant is provided to low-to-moderate income (120% AMI and below) first-time homebuyers who utilize the services of a CA REALTOR®.
These homeownership gaps aren’t new and, for many groups, they’re getting wider. Experts suggest that lack of generational wealth is (can be) to blame, often leaving members of underserved communities with less funds to cover the closing costs and down payment for a home. Rather than just observe the trends, we’re taking action.
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