City receives home loan funding

2008-10-31 / Community

The city of Simi Valley was notified on Oct. 14 that it will receive $900,000 in CalHome Program Loan funding.

The funds will be made available in conjunction with the city's first-time homebuyer and home rehabilitation programs.

Anyone interested in applying for a first-time homebuyer loan or a home rehabilitation loan can download an application from www.simivalley.org or stop by the Development Services Building at 3855-A Alamo St.

CalHome funds are made available by Proposition 1C, approved by voters in 2006. The funds provide mortgage assistance and owner-occupied rehabilitation loans to low-income homebuyers and homeowners in the form of deferred payment loans.

For more information about the home rehabilitation program, call Cindy Daugherty at (805) 583-6757.

For information about the first-time homebuyer program, call Linda Swan at (805) 5836853.

Return to top