Riverside County Permanent Local Housing Allocation (PLHA) First Time Home Buyer (FTHB) Program

Maximum Amount

Up to $100,000 (40% of Purchase Price)

Benefits

  • The FTHB PLHA assistance absolute maximum is the lesser of $100,000 or 20% of the home’s sales price.
  • After the 30-year affordability period, the FTHB PLHA assistance is converted to a grantwith no repayment of funds.
  • This deferred second mortgage does not require any monthly payments and is notinterest bearing.

Participating Lenders

https://rivcoeda.org/Portals/0/FTHB/FTHB%20Documents/2023-2024/PLHA%20FTHB%20Approved%20Loan%20Officers-010523.pdf?ver=2023-01-12-115046-717

Lender Training: https://rivcoeda.org/First-Time-Home-Buyer-Program/Resources/FTHB-Lender-Training

How To Become A Lender: https://rivcoeda.org/First-Time-Home-Buyer-Program/Lender-Information/How-to-Become-a-Lender

Approved Education Providers

After the lender has determined if you are eligible for the program, you will need to attend an 8 hour homebuyer education class for the FTHB Program. The lender will provide the names and phone numbers of approved homebuyer education provider and you will need to call one of the providers to schedule a class. There may be a minimal charge to attend this class, which may be an eligible expense for FTHB assistance.

Home Buyer Education Providers:
https://rivcoeda.org/Portals/0/FTHB/FTHB%20Documents/Homebuyer%20Education%20Providers%202019.pdf

HUD Approved Housing Counseling Agencies: https://hudgov-answers.force.com/housingcounseling/s/?language=en_US

Program Provider Contact

Program Information
Housing Division
3403 Tenth Street, Suite 300
Riverside, CA 92501
EDA Housing Phone:(951) 955-0784
Programs Coordinators
Susan Guarino – Development Specialist
sguarino@rivco.org

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