| Tuesday, May 19, 2026
6:00 p.m. to 7:30 p.m. Virtual Meeting The City of Concord is currently offering down payment assistance for first-time homebuyers. Qualifying households can receive up to $60,000. Funding is limited and will be awarded on a first-come, first-served basis. If interested in learning more about this program, please attend a virtual workshop on May 19, 2026 from 6 p.m. to 7:30 p.m. Advanced registration is required. |
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Where does the money come from?
The Learing Center aka You and I. Wealth Redistribution.
“qualifying households” ????? hmmmm I can guess who they would determine who is “qualifying” ,,,, why not just say it’s open to ANY first-time home buyer .. but we know the reason they won’t
These look like very dodgy “shared appreciation loans”. Any one taking out one of these should be very wary, and look around for a better deal.
Taxpayers are, not the concord government, who will try to take credit for it.
p.s. I don’t remember voting on this issue.
The City of Concord, and all levels of government, shouldn’t be in the “down payment assistance” business. Another example of “mission creep” by the government.
Concord is not really affordable to first time home buyers anyways. Tried to buy there and got twice the house in Pittsburg, could only qualify for low end fixer uppers in concord and that was 2017 and 820 credit score.
As you may have discovered, if you can’t even qualify for the mortgage with an 820 fico score (the conforming loan DTI ceiling is 43%!), you probably can’t afford to maintain the place either.
More people should embrace renting (or buying an townhome/ condo) and investing the difference rather than stretching for a SFH. It’s generally a better long term financial bet in the Bay Area.
The democrat government is buying approval and votes. It’s also creating and promoting dependency on government, and enabling a class of people that depend on the government to take of them.
The old proverbs:
Can give a person fish, or can teach a person to fish.
When Peter gets robbed to pay Paul, Peter eventually runs out of money,
All this really means is they over taxed the working to bring in more deadbeats to fill their quota’s, and low income spaces.