PROGRAMS FOR HOME-OWNERS AND HOME-BUYERS
HOMEOWNER REPAIR PROGRAMS
Community Housing Improvement Program (CHIP) for Mobile Homes
The Community Housing Improvement Program (CHIP) provides low interest and/or deferred loans to mobilehome owners to repair health and safety related issues.
Western Chula Vista Rehabilitation Program
First-Time Homebuyer Program
The City of Chula Vista offers gap financing for first-time low-income homebuyers to purchase eligible properties. Currently, the City offers a deferred loan with no interest that carries shared equity for the first 15 years. The gap financing is up to $70,000, with a cap of 30% of the purchase price for properties that do not need rehabilitation assistance. The gap financing with properties that need rehabilitation, up to $50,000 is available with an additional $10,000 for Health and Safety related improvements and up to $10,000 for energy efficiency improvements. Click on image for program flyer.
Mortgage Credit Certificate Program
A Mortgage Credit Certificate (MCC) provides a double bonus. It increases the loan amount you qualify for and it increases your take-home pay. The MCC entitles you to take a federal income tax credit of fifteen percent (15%) of the annual interest you pay on your home mortgage. Because the MCC reduces your federal income taxes and increases your net earnings, it is a great help in qualifying for your first home mortgage. But it doesn't stop there. The MCC is registered with the IRS, and it continues to decrease your federal income taxes each year for as long as you live in your home.
MCC funds are usually awarded to the Agency early in the year and may be depleted within a few months and/or may only be available for targeted "low income" census tracts (shown in purple).
Who to Contact
For information about the MCC program, please contact Affordable Housing Applications (AHA):
4579 Maple Avenue, Suite #1
La Mesa, CA 91941
TOLL FREE (800) 591-3111 / LOCAL (619) 469-0270