The life blog

Unlock Homeownership Opportunities for Households of Color with SDHC’s Equity Project

The San Diego Housing Commission (SDHC) introduces the Homeownership Equity Project, a pivotal initiative aimed at bridging the homeownership gap for communities of color in San Diego. This program offers substantial financial support and expert guidance for first-time homebuyers of color, fostering equitable access to homeownership and the benefits it brings.

Key Highlights:

• Personalized Guidance: Contact the SDHC Homeownership Advisor at (619) 578-7788 or homeownership@sdhc.org for tailored assistance on down payments, closing costs, credit counseling, and debt reduction.
  
• Financial Assistance:
  
• Up to $40,000 in loans and grants for down payment and closing costs.
  
• Eligibility for Black, Indigenous, and People of Color (BIPOC) households earning 80% to 150% of San Diego’s Area Median Income.
  
• Pilot Program Perks: A special pilot program for middle-income, first-time homebuyers of color launched in June 2023, offering a mix of loans and grants to facilitate the purchase of a home.
  
• How to Apply: Begin by contacting a participating lender/loan officer who will guide you through the application process with SDHC.
  
• Community Collaboration: The project is a collective effort involving 14 community organizations, SDHC, and the San Diego City-County Reinvestment Task Force, supported by a $7.5 million grant from the Wells Fargo Foundation.
  

For more information and to take the first step towards owning your home, reach out to me or the San Diego Housing Commission’s Homeownership Advisor today!

CJ JOhnson

ADU Consultant