Car Housing Affordability Fund

The c.a.rCara.r. Housing Affordability Fund made grants totaling $1,080,000 to support local associations' efforts to increase affordable homeownership opportunities in their local communities and provide closing costs assistance to qualified first-time California homebuyers.grants to organizationsduring 2024, c.a.rCara.r. Housing Affordability Fund made grants totaling $80,000 to support local associations' efforts to increase affordable homeownership opportunities in their local communities.grants to individualsduring 2024, c.a.rCara.r. 's closing cost assistance grant program provided $1,000,000 to 103 households to help first-time homebuyers who are members of an "underserved community" bridge the Affordability gap by providing them with up to $10,000 in closing cost assistance. Through the 3 years of the program a total of $3,000,000 (311 households) thus far. Each grant is provided to low-to-moderate income (120% ami and below) first-time homebuyers who utilize the services of a California realtor.