The summary of changes to the 2021 Affordable Housing Managed Pipeline Regulations is now available for viewing.
The summary of changes to the 2021 Affordable Housing Managed
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January 6th, 2021 | First Time Homebuyers, Housing, Housing Programs| Eyuen
Thinking about buying your first home? The City of Los Angeles Housing + Community Investment Department (HCIDLA) offers two programs, the Low Income Purchase Assistance (LIPA) and Mortgage Credit Certificate (MCC), that can help you achieve your dream of homeownership.
The LIPA program helps first-time, low-income homebuyers purchase homes in the City of Los Angeles by providing loans to cover the down payment, closing and acquisition cost. The MCC program provides a dollar-for-dollar reduction to the homebuyer’s potential federal income tax liability. This increases the household income available to qualify for a home mortgage.
We offer a purchase assistance program for first-time, low income homebuyers to help them finance their first home.
We offer a purchase assistance program for first-time, low moderate homebuyers by providing loans to cover the down payment, acquisition and closing cost.
A Mortgage Credit Certificate provides eligible, first-time homebuyers with a federal income tax credit based on 20% of the annual interest paid on a mortgage.
first home home buyer homebuyer income low moderate
Last modified: January 6, 2021
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