MOHCD assistance programs
Below Market Rate Downpayment Assistance Loan Program (BMR DALP)
- Downpayment loan as needed, for a homebuyer purchasing a mixed-income unit
- Requires no monthly payment and accrues no interest
- Work with your lender to apply for BMR DALP
Mortgage Credit Certificate Program (MCC)
- Helps homebuyers qualify for a mortgage loan and reduce their effective mortgage interest rate
- Deduct 15% of your mortgage interest from your annual tax debt
- Work with your lender to apply for MCC
Teacher Next Door Program (TND)
- Only for SFUSD educators
- Downpayment loan up to $20,000 on a BMR
- Typically layered on top of other MOHCD loan programs, if additional funding is needed.
- Forgiven after 10 years, if all program requirements are met
- Work with your lender to apply for TND
Non-MOHCD assistance programs
Workforce Initiative Subsidy for Homeownership (WISH) Program
- The Federal Home Loan Bank's Workforce Initiative Subsidy for Homeownership (WISH) Program is a tax benefit program that provides grants to qualified homebuyers at 80% AMI.
- WISH will provide up to $30,806 per household, matching up to $3 for every dollar contributed by the homeowner. This program is possible only through certain banks.