We believe communities prosper when people can own a home in places that matter to them.
With housing costs so high, many of our friends, families, colleagues, and neighbors in the greater Bay Area cannot afford to purchase a home in the Bay Area, because securing a down payment is out of reach. In San Jose for example, a 20% down payment for a median home is almost always more than enough money to purchase a home outright in many parts of the country. When greater Bay Area workers cannot secure homeownership, we all lose out – on diversity, a skilled, dynamic workforce, and community.
Homebuyer Empowerment Loan Program is here to help!