This New Program Assists Sacramentans on Their Path to Homeownership
Applications are now being accepted for the “CLTRE Keeper First-Time Home Buyer Program,” a new service that provides homeownership resources to city of Sacramento residents with the goal of supporting underserved communities and entrepreneurs of color.
Funded by the City of Sacramento and managed by local community development nonprofit CLTRE, the eight-week program provides participants with the knowledge and financial resources to become first-time homeowners.
“The ‘CLTRE Keeper First-time Home Buyer’ program will guide participants through every step of the homebuying process and help them toward their dream of becoming a successful homeowner,” said City of Sacramento Financial Empowerment Manager Amy Williamson.
The program will highlight economic opportunities such as government-backed home buying programs and down payment assistance programs, as well as suggested partnerships with local real estate agents, the City’s Financial Empowerment Center and nonprofit organizations that can provide further support.
Participants will receive a $15,000 forgivable home loan and a $1,500 “flex amount,” which can be used to mitigate any credit debt or can be put towards the closing costs.
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