HOMEOWNERSHIP IS JUST AHOP, SKIP, AND JUMP AWAY IN ANTIOCH
$45,000 forgivable subsidy to be provided to homebuyers
Residents or employees in the City of Antioch who have wanted to purchase their own home, but thought it was beyond their means, may benefit from the new Antioch Home Ownership Program (AHOP). The City has teamed with the Bay Area Affordable Homeownership Alliance (BAAHA) to create a unique homeownership program that will assist those who rent or work in Antioch.
Qualified future homebuyers will be able to access $45,000 in forgivable subsidies to help them purchase a home here in Antioch, for as long as these limited funds last. Other resources include homebuyer education and counseling and free access to financial counseling to clear up credit issues and other obstacles to purchasing a home.
Walter Zhovreboff, the Administrative Director of BAAHA noted “Antioch has a perfect blend of elements that will help lower income families to purchase their first home”.
One great reason is the very affordable Antioch real estate market. Did you know that the median price for the 1,152 one to four bedroom homes that sold in Antioch in 2017 was only $418,000? Almost 90% of the homes sold were accessible to be purchased by lower income households. What’s more important, the cost of ownership for these homes in most cases would have been the same or lower than the average current rents in Antioch.
To learn more, attend the launch event on Saturday, March 24th at 10:00 a.m. in the Antioch City Council Chambers, 200 H. Street, Antioch. Please register if you plan to attend the launch at www.myhomegateway.com/AHOP. For additional information about AHOP contact BAAHA at AHOP.myhomegateway.com or at (800) 480-9020 x556.
For more community events in Antioch, check our events page.