Please ensure Javascript is enabled for purposes ofwebsite accessibilityMcFarland awarded $1.5 million for first-time home buyer mortgage assistance | KBAK
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McFarland awarded $1.5 million for first-time home buyer mortgage assistance

by Eyewitness News staff

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In this Tuesday, March 6, 2018, photo a sign advertises a home for sale in San Jose, Calif. NerdWallet calculated affordability for 173 metropolitan areas by comparing the median annual household income and the monthly principal-and-interest payment for a median-priced single-family home and found that the least affordable homes are in the San Jose. (AP Photo/Marcio Jose Sanchez)
In this Tuesday, March 6, 2018, photo a sign advertises a home for sale in San Jose, Calif. NerdWallet calculated affordability for 173 metropolitan areas by comparing the median annual household income and the monthly principal-and-interest payment for a median-priced single-family home and found that the least affordable homes are in the San Jose. (AP Photo/Marcio Jose Sanchez)
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BAKERSFIELD, Calif., (KBAK/KBFX) — The City of McFarland was awarded $1.5 million by the California Department of Housing and Community Development to help out first-time home buyers.

In August of 2020, the HCD said they would award more than $57 Million to local public agencies and nonprofit corporations for the 2020 CalHome Program.

These funds would be given to the city so they could assist individuals with first-time home buyers deferred payment loans for down payment assistance and owner-occupied home rehabilitation loans.

The city says they will have staff begin working on program guidelines and an application process for those programs in the coming months.

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Both the First Time Homebuyer Down Payment Assistance Program and the Home Improvement Program will only be eligible for properties within the City of McFarland.

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