The Los Angeles County Development Authority (LACDA) has launched the First Time Home Ownership Program targeted at moderate-income households earning up to 120% AMI (HOP120).
HOP120 provides a second mortgage loan for first-time homebuyers with assistance up to $85,000, or 20% of the purchase price, whichever is less. Eligible properties are single-family homes, townhomes, and condominiums with a maximum purchase price of $850,000 and must be in unincorporated Los Angeles County or participating cities. This program is funded through the State’s Permanent Local Housing Program (PLHA) and administered by the LACDA.
Please click here for a PDF of information on the LACDA Homeownership Program
Please click here for a PDF of information on the LACDA Homeownership Program in Spanish
