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Home Front

A blog about the economy and the Sacramento-area real estate market.

August 21, 2008
State will help Sacramentans, too, buy foreclosures

When Gov. Arnold Schwarzenegger recently announced a $200 million state program to help first-time buyers buy foreclosures piling up in battered counties like San Joaquin and Stanislaus, Sacramento didn't make the list.

Now the list has been expanded, as this news release from the California Housing Finance Agency (the state's affordable housing bank known as CalHFA) explains.

 Statewide, this will help up to 1,000 buyers with below-market loans, which is a drop in the bucket. But it's here now. Local first-time buyers might find it gives them an edge. The news release explains how to learn more.

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