I spoke with Jennifer McGovern today about the Housing Trust that she has been working on since 2006. It has finally obtained 2.5M from neighboring banks to begin the program here on the South Santa Barbara coast. The monies will be given out on a first come, first serve basis.
The program helps with up to 16.5% of the down payment or a maximum of $100,000 per buyer. This program could effectively purchase up to a list price of $860,000.
To sign up go to: www.SBhousingTrust.org
Under Workforce Homebuyer tab there is more information and application to complete and an orientation to attend.
Good Luck! Let me know if you need more help.
Broker/Owner #00970923, SBAOR Past President 2010