Workforce Housing Downpayment
Assistance Program (DAP) Update
May 27, 2026
Background
• 2017 Governor Brown signed (SB 2) into law
• 2020 HCD released a Notice of Funding Availability, City Council authorized staff to submit an application
• 2022 City Council adopted the DAP program
2 DAP Explained
3 • $50,000 towards down payment and
closing
• Below 150% of County Median
Income ($196,950 household of 4)
• Restricted to qualified first-time
buyers
• $782,232 grant funds received
• Total of 16 loans processed
• Revolving loan fund for City use in
perpetuity
4 Overall Program Outcomes
Vista Campanario APA Award
5 • Two DAP loans processed for
project buyers
• April 2026 - Awarded the
Excellence Award by Central
Coast APA
• Eligible for a State-wide APA
award
Recommended Action
6 1. Receive and file