Housing Programs
There are currently two housing programs available:
- San Jacinto Downpayment Assistance Program
- Riverside County First Time Home Buyer Program
- Mortgage Credit Certificate (MCC) Program
This program helps first-time home buyers purchase a home in Riverside County. - Housing Rehabilitation Program
This program, funded by the City, provides income-qualified home owners with loans/grants of up to $50,000 to repair or improve their homes.
San Jacinto Down Payment Assistance Program
The Redevelopment Agency of the City of San Jacinto is offering a Down Payment Assistance Program to provide a non-repayable grant to Qualified Homebuyers in an amount not to exceed 6% of the home sales price.
This grant may be used as part of a down payment on the home, or for the payment of closing costs.
Learn more about this program:
- Down Payment Assistance Program Guidelines (updated 09/09)
- Down Payment Assistance Program Application Form (updated 09/09)
- Down Payment Assistance Program Disclosure Form (updated 09/09)
Mortgage Credit Certificate (MCC) Program
If you are a first time home buyer and looking to purchase a home in Riverside County, you can increase your purchasing power with the help of a Mortgage Credit Certificate (MCC). That means more cash flow for your mortgage payment! To find out more on this valuable program, please contact the Riverside County Economic Development Agency's Housing Division at 1.800.909.0079 or online at www.rivcoeda.org/mcc.
*The MCC program is primarily for homebuyers who have not owned a home in the last 3 years, however there are targeted areas within the County for homebuyers who've owned a home within the last 3 years.
Housing Rehabilitation Program
The City of San Jacinto Redevelopment Agency is offering loans/grants of up to $50,000 for qualified homeowners whose houses need rehabilitation work.
The loans/grants are subject to review and approval of the City’s Grant Committee. The program is for income qualified homeowners who live within San Jacinto’s city limits. Priority will be given to houses located within the City’s Redevelopment Project Area and/or those with health and safety hazards.
Who can participate?
- Homeowners within the City of San Jacinto city limits.
- Owners of a single-family residence or manufactured home.
- Anyone whose family income does not exceed the limits.
Loans/Grants Conditions
- The Home Improvement Program provides loans/grants of up to $50,000 to owner occupants of single-family homes.
- Mobile homes are ineligible under this program.
- You must agree to a forty-five (45) year affordability covenant that could potentially limit the resale price of your home. Further information regarding the affordability covenant is explained in the application package.
- You must enter into a forty-five (45) year regulatory agreement with the Redevelopment Agency.
See the complete program description:
- Housing Rehabilitation Program Brochure (updated 07/21/10)
