Rancho Cucamonga is a premier community that offers a variety of housing opportunities for people of all ages from rental to ownership. The City's conscious effort in developing well planned neighborhoods has resulted in the highest property values in the inland region. Thus, making Rancho Cucamonga a strongly sought after living area by many people. In fact, Rancho Cucamonga is ranked in the top-20 fastest growing cities in California.
The City offers various housing services for working families:
» First-Time Homebuyer Program
» Foreclosure counseling information
» See the Work Force Housing Video!
The City of Rancho Cucamonga, through the City's Redevelopment Agency, has established a First-Time Homebuyer Program (FTHB) as a way of helping working families purchase their first home in Rancho Cucamonga.
The FTHB Program provides a silent second loan to bridge the gap between the first mortgage a buyer can qualify for and the cost to purchase a home. This cost may include part of the down payment and closing costs.
How It Works:
The buyer may qualify for a maximum loan amount up to $80,000.00.
The loan is forgiven after 45 years. The loan must be repaid if the home is sold, refinanced, or converted to rental property plus 15% or 10% equity share depending when the home is sold or refinanced.
Participants must attend a pre and post home buying educational workshop.
Participants must apply for primary loan with an approved lender of the program.
How To Qualify:
A buyer must show a need for assistance through Rancho Cucamonga's FTHB Program.
The buyer must qualify for a 1st trust deed loan with an approved lender of the program.
Borrowers must provide a minimum of 3% of the home purchase price to apply towards the down payment and closing costs.
To qualify for Rancho Cucamonga's FTHB Program, a buyer may not have owned a home within the past three years.
The household income may not exceed the following guidelines:
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Neighborhood Housing Services Of The Inland Empire (NHSIE) is the administrator of the First-Time Homebuyer Program for the City of Rancho Cucamonga. As part of the FTHB Program, NHSIE provides a free Community Home buying counseling services to help potential home buyers resolve credit, debt, and savings concerns. Please contact NHSIE for further details and qualifications at (909) 884-6891.
For further details please e-mail us at the Redevelopment Agency, or call us at (909) 477-2700 ext. 2051. Also, download the:
First Time Homebuyers Program Brochure
Through the Redevelopment Agency's partnerships with non-profit housing corporations it has been able to provide a variety of affordable rental housing opportunities for both families and seniors. The Agency's commitment to affordable housing has resulted in the construction of over 1,031 affordable units in the community.
The following is a listing of affordable rental living:
Affordable Senior Living
Rudolph Hendrickson Apts., 6628 Amethyst Ave. (909) 980-4875
Heritage Park Apts., 9601 Lomita Court (909) 945-5055
Villa Pacifica Apts., 9609 Base Line Rd. (909) 483-1534
Heritage Pointe Apts., 8590 Malvern Ave. (909) 989-9363
Olen Jones Apts., 7125 Amethyst Ave. (909) 980-0465
Affordable Rental Living
Mountain Vista Apts., 10400 Arrow Rt. (909) 945-5588
Evergreen Apts., 10730 Church Ave. (909) 945-2562
Mountainside Apts., 9181 Timberline Ln. (909) 989-9363
Parkview Place Apts. 10935 Terra Vista Pwky. (909) 989-8211
Rancho Verde Village, 8837 Grove Ave. (909) 981-8121
Sycamore Springs Apts., 7127 Archibald Ave. (909) 989-7866
Monterey Village Apts., 10244 Arrow Rt. (909) 980-7235
Mt. View Apts., 10935 Terra Vista Pwky. (909) 989-8211
Pepperwood Apts., 9055 Foothill Blvd. (909) 980-2447
Sycamore Terrace, 10935 Terra Vista Pwky. (909) 989-8211
Villa Dell Norte Apts., 9901 Feron Blvd. (909) 481-8807
Las Casitas Apts., 9775 Main St. (909) 481-8807
Woodhaven Manor Apts., 6230 Haven Ave.(909) 980-3106
Click here for a map of these locations (you will need Acrobat Reader to view map).
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San
Bernardino County, The Department of Economic and Community Development's
Housing Development, Finance and Preservation Division
(Housing Division) manages a variety of affordable housing programs funded/regulated
at the federal, State, and local levels. The primary purpose of these housing
programs is to expand the supply of decent, safe, sanitary, and affordable
housing for the residents of the County. The link above provides
an overview of the County's Housing Assistance Programs.
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CalHFA,
For over 25 years, California Housing Finance Agency (CalHFA)
has supported the needs of renters and first-time homebuyers
by providing financing and programs that create safe, decent
and affordable housing opportunities for individuals within specified
income ranges. Established in 1975, CalHFA was chartered as the
State's affordable housing bank to make below market-rate loans
through the sale of tax-exempt bonds. A completely self-supporting
State agency, bonds are repaid by revenues generated through
mortgage loans, not taxpayer dollars
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Housing and Urban Development,
The US Department of Housing and Urban Development offers
a variety of housing programs and services. HUD's mission is to increase homeownership, support
community development and increase access to affordable housing. For
more details about the programs and service offered by HUD,
please click on the link above.
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National Homebuyers
Fund (NHF), National Homebuyers Fund (NHF), a nonprofit public benefit
corporation, is authorized by FHA/HUD and FannieMae
to offer subordinate loan financing to qualified homebuyers in specific
states, the proceeds of which can be used to fund all or a portion of the
homebuyer's cash to
close. NHF's objective is to create a privately funded and consistent source
of down payment assistance, as a complement to existing state and
local programs, for the benefit of those families and
individuals without the necessary financial resources.
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HART Program,
Housing Action Resource Trust (HART) is a 501©(3) non-profit housing development organization
established in 1995. HART's mission is to provide affordable housing and homeownership
opportunities throughout the United States. HART is an established
non-profit housing organization with a proven track record. The HART Program
is designed to provide assistance to individuals and families who lack the
necessary funds for down payment and other related costs. The HART Program
has helped thousands of renters across the country realize their dream of
becoming a HOMEOWNER.
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For Kids, A web page dedicated
to kids for the purpose of learning how to be a good citizen.
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