New Truckee assistance for home buying, repair | SierraSun.com

New Truckee assistance for home buying, repair

The Town of Truckee has $600,000 in state funding to help both with first-time homebuyers and those who need help repairing their homes.

The first will give down-payment assistance to eligible first-time home buyers. The loans are deferred, at 3 percent interest, and up to $38,000 per loan is available.

Housing purchased must be within the Town of Truckee.

The second program is the Owner-Occupied Housing Rehabilitation program that provides loans to income-eligible homeowners to make repairs to their homes.

These loans are also deferred, at 3 percent interest, and up to $38,000 per loan is available.

To be eligible for either program, the total household income must be at or below 80 percent of the Nevada County median income.

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This means, for example, a household of one can make no more than $36,450, and a household of four can make no more than $52,100.

For more information, pick up a brochure at the Community Development Department at Truckee Town Hall.

To get a full application, contact JoAnn Anders, program operator, at 272-5395 or j.anders@att.net.