Contra Costa Times

Homebuyer Aid Renewed

08/17/2007

The state has renewed legislation that helps first-time homebuyers with down payments in Contra Costa County and a few other counties.

John Laird, D-Santa Cruz, announced Governor Schwarzenegger has signed AB 1283, a bill that re-authorizes and extends by five years Santa Cruz, Monterey and Contra Costa County first-time homebuyer programs that provide low- and moderate-income first-time homebuyers with down payment assistance.

"These innovative programs are making a difference for first-time homebuyers struggling to get into ever-costlier housing markets," said Assemblyman John Laird, who sponsored the legislation.

Contra Costa County has assisted more than 30 first-time homebuyers under the program, which expands the state's definition of allowable income for first-time buyers seeking help.

Santa Cruz and Monterey also participate in the program.


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Capitol Office: State Capitol -- P.O. Box 942849 -- Sacramento, CA 94249-0027 -- Phone: (916) 319-2027 -- Fax: (916) 319-2127
District Office: Santa Cruz County District Office -- 701 Ocean Street, Suite 318-B -- Santa Cruz, California 95060 -- Phone: (831) 425-1503 -- Fax: (831) 425-2570
District Office: Monterey County/Santa Clara County District Office -- 99 Pacific Street, Suite 555D -- Monterey, CA 93940 -- Phone: 831-649-2832 -- Fax: 831-649-2935

Assemblymember.Laird@assembly.ca.gov