Development Services



 
 

Program Overview

The Program is designed to assist low- and moderate-income families traditionally underrepresented in homeownership with purchasing their first home and building multi-generational wealth. Approximately 100 households will receive up to $20,000 to be used towards the following costs:

  • Down payment
  • Non-recurring closing costs, such as loan, title, and escrow fees
  • Loan points or fees to buy down their mortgage interest rates 



Program Eligibility

Complete a pre-application self-screening form to see if you are eligible to apply for the Program. To qualify for the program, applicants must meet the following eligibility requirements:

  • Be a U.S. citizen or have the right to permanently reside in the U.S.
  • Household income must not exceed150% of the Los Angeles County Area Median Income (AMI)

Current Income Limits as of May 2022*

Number of persons in household

1

2

3

4

5

6

7

8

150% of Los Angeles County AMI

$95,625

$109,350

$123,000

$136,650

$147,600

$158,550

$169,425

$180,375

*Income limits are updated annually


  • Be a first-time homebuyer, defined as a someone who has not owned a home in the past three years.
  • Be a first-generation homebuyer, defined as someone whose parents or guardian never owned a home during the homebuyer’s lifetime or who lost the home to a foreclosure or short sale and does not own a home now. Anyone who lived in foster care also qualifies as a first-generation homebuyer.
  • Currently live in a Community Development Block Grant (CDBG) qualified area in Long Beach.
    • If you're viewing on a Desktop: Select the link here to view a CDBG map. Click on the magnifying glass on the top left banner, and type in your current address. Your address will appear on the map. If your address is within the purple areas on the map, it is in a CDBG-designated area. You may need to zoom in/out on the map (use the +/- buttons at the bottom left of the map) to see if your address is inside the purple areas.
    • If you're viewing on a Mobile device: Select the link here to view a CDBG map. Enter your address into the search bar at the top. If the search bar does not appear, click on the "Long Beach, CA CDBG Map" section at the bottom of the page to open up the panel. If your address is within the purple areas on the map, it is in a CDBG-designated area. You may need to zoom in/out on the map (pinch the map) to see if your address is inside the purple areas.
  • Be pre-approved by a lender for a 30-year fixed mortgage loan. Cash purchases are not eligible.


Frequently Asked Questions

CONTACT

For more information, please contact the Long Beach Resource Line at 562.570.4246 between 9 a.m. and 4:30 p.m. on weekdays.



The First-Time Homebuyer Program is made possible by the Long Beach Recovery Act, a plan to fund economic and public health initiatives for Long Beach residents, workers and businesses critically impacted by the COVID-19 pandemic. Additional information about the Long Beach Recovery Act is available at longbeach.gov/recovery.