CHDC created its First Time Homebuyer Program in 2002 to ensure that residents of the neighborhoods where we were developing affordable homes would be prepared to buy the homes that we built. Since then, CHDC has assisted more than 600 households purchase homes. Nearly half of these homes are properties that CHDC either developed or assisted other affordable housing developers by qualifying eligible buyers for their developments.
CHDC's First Time Homebuyer Program helps low to moderate income potential homeowners surmount the barriers they commonly experience. For example, lower income buyers can have difficulty qualifying for loans in today's lending environment, and competing with investors purchasing affordable properties in our communities. CHDC emphasizes planning for homeownership. We educate buyers about loan products, and counsel them to prepare for lending requirements and obtain financing they can afford.This helps avoid future problems and build equity over time. As an indication of our success, foreclosure among the 600+ homebuyers who’ve completed this program and purchased their first home is extremely rare.
Through a combination of informational workshops and individual counseling, CHDC's First Time Homebuyer Program will teach you everything from preparing yourself financially to completing your purchase. Once you have completed 8 hours of group education, met with your counselor, and entered into contract to purchase a home, CHDC will issue the certificate of completion in First Time Homeowner Education required by lenders and many down payments assistance programs. We will send your certificate directly to your title company. We will also refer qualified buyers to special financing opportunities to ensure your purchase is affordable.
To purchase your first home you will typically need:
By completing the workshops and counseling, you can obtain:
Workshops and counseling are offered in English and Spanish.The workshop is free, but we charge a $20 credit check fee and a $20 materials fee which includes a copy of Realizing the American Dream: A Manual for Homebuyers, published by NeighborWorks America.
In order to attend a First Time Homebuyer Workshop, you must first attend an Orientation, and submit a completed Intake Form with all requested attachments. Applications are reviewed in the order in which they are received.
Orientations are held on the last Thursday of every month at both the East and West Contra Costa SparkPoint Centers, and every second Wednesday in Vallejo.
Check the CALENDAR for the next First Time Homebuyer Orientation near you.
Please download the Intake Form below. You can turn in the Intake Form and copies of the required documents at the orientation, fax them to (510) 215-9276, email them to Lcarr@chdcnr.com, or mail/drop them off at our office at:
Please note that we cannot accept original documents and we cannot make copies of your original documents at our office.
For additional questions, information in Spanish, or disability accommodations, please call us at: (510) 412-9290 x226 or (707) 652-7861 x226.