Assistance for Homebuyers in the Region

 

Regional Homebuyer Assistance Programs

Learn more about the current status of several local and regional resources for first time homebuyers looking to purchase in Nevada County, Placer County and/or the Town of Truckee by following the links below.

Martis Fund Homebuyer Assistance Program

Workforce housing is a major priority for the Martis Fund. Since 2016, the Martis Fund has invested over $2.2 million into its Down Payment Assistance Program (DPAP) to 54 households who live and work in the TTUSD school district with income levels up to 180% AMI, by providing a loan up to 10% of the purchase price (up to $50,000). For more information about the program please contact Sierra Business Council, DPAP Program Administrator, Gina Jones at gkjones@sierrabusiness.org and Down Payment Assistance Program Information

Data/Statistics:

Average Household Size: 2.61

Average Percent of Median Income: 134%

Average Purchase Price: $436,120

Average Martis Fund Loan Amount: $41,378

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