California will help 1,700 first-generation homebuyers with down payments in the second round of its Dream for All Shared Appreciation Loan program, Gov. Gavin Newsom announced June 28.
The state program that debuted last year provides potential homebuyers with vouchers to pay up to 20 percent of a home’s value up to $150,000 to cover a down payment and closing costs. Eligible applicants need to be first-time homebuyers (haven’t owned a home in the last three years) and whose parents don’t currently own a home in the United States.
