California's "Dream for All" Shared Appreciation Loan Program: New Income Limits Announced
- Barry B
- Jul 6, 2023
- 1 min read
California's 'Dream for All' Shared Appreciation Loan Program continues with $200 million available. The California Housing Finance Agency (CalHFA) has shared crucial updates for their pioneering 'Dream for All' Shared Appreciation Loan program, following the unchanged allocation in the 2023-24 State Budget agreement.
The program's primary objective is to increase homeownership among Californians. Designed to boost homeownership among Californians, the program has $200 million available for distribution. With these funds, they aim to assist residents in securing a stable, affordable, and decent housing condition.
CalHFA has released the new income limits for 2023. CalHFA's latest update includes the release of the new income limits for all CalHFA first mortgage and subordinate mortgages for 2023. These limits reflect the maximum household income that borrowers can have to qualify for the program in various counties across California.
San Francisco, Santa Clara, and Marin counties have the highest income limit of $300,000. San Francisco, Santa Clara, and Marin counties lead the pack, with the highest income limit set at $300,000. At the other end, Plumas, Del Norte, and Colusa counties have the lowest ceiling, at $165,000.
CalHFA is committed to continuous evaluation and calibration of the program. CalHFA remains committed to evaluating and calibrating the program based on evolving needs and conditions. Regular updates are expected in the coming months to ensure stakeholders are well-informed.
The 'Dream for All' program provides Californians with support to secure housing in a challenging market. The 'Dream for All' program continues to be a beacon of hope for Californians, providing support to secure housing in an increasingly challenging market.
