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.
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 firstname.lastname@example.org.