Sacramento Housing and Redevelopment Agency announces a comprehensive program designed to raise awareness and dispel the myths of purchasing a home in the Greater Sacramento Region. The Community Homeownership Initiative program is a partnership effort consisting of the Sacramento Housing and Redevelopment Agency, Federal Home Loan Bank of San Francisco, Sacramento Realtist Association, and MUFG Union Bank.
While this initiative is open to anyone, this effort provides expanded outreach to increase the homeownership rate in the Greater Sacramento Region for African American prospective home buyers. SHRA has worked to convene the partners to identify opportunities to increase homeownership for eligible African American homebuyers. Union Bank will offer mortgages and grants to buyers in targeted areas. The Realtists are providing online information and homebuyer workshops required to receive a certificate to access downpayment and closing cost assistance.