First Time Home Buyer, Mortgage Down Payment Assistance Program January 20, 2026
Housing and Land Use Committee
Vincent Montgomery, Planning Manager
Discussion
Establishment of First Time Homebuyer, Mortgage Down Payment Assistance Program (MDPAP) Expands housing access and affordability
Complements rental assistance and housing stabilization programs Draft to be presented to City Council for authorization to submit to HCD and launch MDPAP
Expanding Housing Affordability and Stability
Rental Assistance Program – providing direct support to households facing housing insecurity.
Emergency Solutions Grant (ESG) Program – supporting homeless services and shelter operations.
Affordable Housing Development Partnerships – leveraging state and federal resources to expand the supply of affordable units.
First Time Homebuyer, Mortgage Down Payment Assistance Program Proposal The Mortgage Downpayment Assistance Program will:
Provide eligible moderate-income families and individuals with a low interest, deferred payment loan for the purchase of their first home to utilize as their principal place of residence.
Support transition from renting to homeownership
Continue to evolve based on:
Applicant feedback
Market conditions
Emerging best practices
Funding availability
City priorities
Key Program Components
Key Program Components Contd.
Implementation Timeline
Recommended Motion
A motion recommending that the City Council approve a Resolution to:
Establish the First Time Home Buyer, Mortgage Down Payment Assistance Program (MDPAP); and Appropriate $1,034,137 of Permanent Local Housing Allocation (PLHA) grant funds from allocation years 2021 and 2022; and Authorize the City Manager, or designee, to promulgate the MDPAP guidelines, and negotiate and execute all applicable forms, conditional commitment letters, agreements, and subsequent amendments as needed to implement the MDPAP Program.
Questions?
For more information, contact the CDD Housing Division at (831) 758-7334
https://www.cityofsalinas.org/Your-Government/Departments/Community-Development