Monday, April 13, 2009

Homebuyer Assistance Income Limits Revised

FAMILY OF FOUR MAKING $95,300 MAY QUALIFY

SUISUN CITY - The Redevelopment Agency has updated it's income qualification standards for its First-Time Homebuyers Assistance Program.

The program is designed to help individuals and families entering the housing market purchase a previously foreclosed home in Suisun City. To date, $3.4 million in local affordable housing funds have been committed to this program. Nearly $1 million in additional federal stimulus funds are being pursued to augment local funding.

Income limits also were recently raised for the Neighborhood Reinvestment Program.

These annual adjustments allow more families to qualify, and increases the opportunity for the Redevelopment Agency to reinvest in Suisun City's neighborhoods.

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