Housing Trust Silicon Valley Unveils Up to $200K Down Payment Aid for First-Time Buyers in Bay Area

Housing Trust Silicon Valley has introduced the Home Access Program to assist first-time homebuyers in the Bay Area with down payments. Eligible applicants can receive up to $200,000, with loans covering up to 40% of the home's purchase price, requiring no monthly payments during the loan term. The program targets low-income earners, with a household income cap of 80% of the area median. Participants must complete a HUD-certified Homebuyer Education Class and meet other criteria. The initiative aims to alleviate challenges in California's high-cost housing market.