The following agencies can assist you in finding affordable housing in the City of Richmond.
California Home Source Lease Purchase Program
The Lease Purchase Program allows qualified residents to choose a home, lease it for 3 years, and assume the mortgage at the end of the lease term. The program is designed to provide home ownership opportunities to persons with credit difficulties, lack of credit history, or lack of a down payment.
California Housing Finance Agency (CHFA)
The mission of CHFA Homeownership Program is to provide affordable housing opportunities by offering below-market interest rate mortgage loans to very low-to-moderate income first-time home buyers. They offer a large variety of programs that may be right for you.
The advantages to obtaining a CHFA loan are:
Lower interest rates generally available
Minimum down payment of 3-5%
Lower fees to borrowers
Community Housing Development Corporation (CHDC)
1535 A Third Street, North Richmond
The CHDC provides home-buyer counseling to assist home buyers in preparing for home ownership. Services include housing counseling, credit repair, debt reduction, budgeting and savings planning, pre-qualification analysis and buyer education. In addition, CHDC develops and markets new affordable housing. Contact them to find out about upcoming projects and being placed on a waiting list to purchase a home.
510-412-9815 Homeownership Opportunities, Inc. provides information and services to people and families that would like to purchase and own a home. They can help walk you through the home buying process from beginning to end.
Lao Family Community Development
1865 Rumrill Boulevard, Suite C, San Pablo
510-215-1220 Lao Family Community Development provides housing counseling, outreach, and education to first-time home buyers with a focus on limited-English speakers from Southeast Asia.