SHRA offers a variety of programs and resources to help eligible low-income buyers realize the dream of homeownership. These include the Mortgage Credit Certificate program, the CalHome First-Time Homebuyer Mortgage Assistance Program, and several affordable home purchase opportunities.
Weekly Funding Update – As programs open and close frequently due to the availability of funding, SHRA provides a weekly update for its homebuyer programs. Refer to the Weekly Funding Update (PDF) for the most up to date information about program availability.
Program Updates and Announcements – In addition to the weekly funding update, all parties interested in SHRA’s homebuyer programs are also encouraged to register for and maintain current contact information on SHRA’s email list (ListServ) in order to receive program updates and important announcements. Refer to the Single Family Lenders Email List for more information.
Mortgage Credit Certificate Program
SHRA administers the Mortgage Credit Certificate (MCC) program to assist eligible homebuyers afford their first home. This program provides a tax credit to eligible homebuyers to reduce the amount of Federal income tax the homebuyer pays which enables them to more easily afford to purchase a home. The primary MCC program is summarized below along with the process to request to have a MCC reissued for current certificate holders.
The Sacramento Mortgage Credit Certificate (MCC) Program provides homeownership assistance in the form of a Federal Income Tax Credit on home purchases within the County of Sacramento and the cities of Sacramento, Elk Grove, Folsom, Isleton, Galt, Citrus Heights, Rancho Cordova. For detailed information click here. To apply for the MCC Program, contact one of SHRAs approved lenders listed here.
Sacramento MCC Program – Reissued MCCs
As part of the Sacramento MCC Program, SHRA offers current MCC holders who wish to refinance their original mortgage loan for the first time the ability to request to have their MCC reissued. For detailed information click here.
CalHome First Time Homebuyer Program
The CalHome First-Time Homebuyer Mortgage Assistance Program is designed to assist low-income homebuyers by providing down payment and mortgage assistance to reduce the amount of the first mortgage loan on homes located in eligible areas of the City and County of Sacramento. For additional program information click here. A link to a map of the Qualified Census Tracts for the program is located here: CalHome QCT Map. To apply for the CalHome Program, contact one of SHRAs approved lenders listed here.
Note that Funding is currently depleted for both the City and County of Sacramento as of March 8, 2017.
Affordable Homes for Sale
Welcome Home Program
Homes available for purchase under the Welcome Home Program are owned by SHRA and are fully renovated prior to sale. Homes range in size from two to five bedrooms and are located throughout the City and County of Sacramento. Renovations include new appliances and amenities such as dishwashers, washer/dryer hook-ups, new interior and exterior paint, windows, floor covering, fixtures, and heating/air conditioning systems.
Homes are sold to eligible low income households in the City and County of Sacramento. Down payment assistance may be available for those households that qualify, and residents in SHRA’s rental assistance programs may also qualify to purchase a home.
A total of 76 homes will be renovated for sale in target areas of the City and County, including the Sacramento Promise Zone. The link below provides information on the current availability of these homes.
Below is a complete list of our current listings (Last Updated: 12/6/2018).
|2515 Cadjew Ave||Sacramento||3||$233,690.00||ACTIVE||Open|
|1436 68th Ave||Sacramento||3||$233,690.00||ACTIVE||Open|
|7359 15th St||Sacramento||3||$233,690.00||ACTIVE||Open|
|7709 40th Ave||Sacramento||3||$233,690.00||ACTIVE||Open|
|2145 63rd Ave||Sacramento||3||$233,690.00||PENDING||Open|
For more information about purchasing a home, call SHRA Homeownership Services at (916) 440-1393.
Affordable Homes for Sale
There are periodically opportunities for eligible buyers to purchase affordable single family homes. These homes may be located in new subdivisions or in existing neighborhoods. Applicants must meet eligibility requirements and be able to qualify for first mortgage financing to purchase these homes. In addition, most of these homes require restrictions on the resale of the home, so buyers are advised to fully understand these restrictions. For more information, please call SHRA Homeownership Services staff at (916) 440-1393.
For a list of affordable homes currently for sale in the City and County, use this link Affordable Homes for Sale
Approved Lender Information
Becoming an Approved Lender
SHRA homebuyer assistance programs are accessed through Approved Lenders who meet specific lender requirements and are trained to offer our programs. Listed below are the requirements for lenders and information to help them understand how SHRA works with them to provide affordable housing opportunities.
SHRA’s Approved Lender List is open for a limited time to add new lenders for our MCC Program. This information will be updated and ListServ notices will be sent out as needed.
Home Ownership Guidelines
Approved Lender Requirements
Approved Lender List
SHRA recognizes that homebuyer education is a critical component in preparing buyers for successful, responsible homeownership. Education is also important for homeownership preservation. SHRA assistance programs require prospective homebuyers attend an eight hour course of homebuyer education provided by a HUD Approved Housing Counseling Agency. SHRA program participants must take an in person class as online classes are not acceptable. The approved in-person homebuyer education class is offered at:
NeighborWorks HomeOwnership Center – Sacramento Region
2411 Alhambra Boulevard
Sacramento, CA 95817
Related Links for Homebuyers
SHRA partners with other government agencies and affordable housing organizations to provide additional resources and information that may be useful to potential homebuyers. Listed below are some of these partners.
FAQ’S for First Time Homebuyers
Does SHRA have affordable housing available for first time homebuyers?
SHRA currently has Affordable Homes under the Welcome Home Program. There are affordable Inclusionary Homes that local builders are selling, these are listed on our website, SHRA does not provide Down Payment Assistance on these homes, but you must meet our income and household guidelines. We also offer the MCC – Mortgage Credit Certificate Program.
Where can I find information on these programs.
Follow this link on our website.
I am interested in buying a home that is listed, what is my first step?
Your first step would be to contact a local lender, they will determine if you qualify for a mortgage loan. If you are interested in the Welcome Home Program or MCC you must use an approved lender listed on our website. If you are looking at the Affordable Homes for Sale in Natomas Field, Somerset, or Del Paso Nuevo please use the numbers listed on our website for pre-qualification.
Should I take a first time homebuyer education class?
SHRA strongly recommends you take a First Time Homebuyer Class in person. The average cost for this class is $60.00.
What is a first time homebuyer?
You cannot have owned a home in the last 3 years.
If I am a current voucher holder do I get any special priority into these programs? No, there is not any special priority given to voucher holders for any of these programs.
What does my credit score have to be in order to qualify?
SHRA does NOT review your credit score. The Lender you are working with will need to disclose your Credit Score to you and any effect the Score will have on your Mortgage Approval.
When will more properties be listed under the Welcome Home Program?
SHRA is working with contractors to get more homes completed and listed for sale. Please continue to check our website for updates. SHRA has currently sold 39 of the 76 homes in 2 ½ years.