Reso 2005-109 - Laserfiche WebLink

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POLICIES AND ACTIONS PROGRESS Action 55.02-B: Mortgage Credit Certificate Program Continue to support the Mortgage Credit Certificate (MCC) Program administered by the Alameda County Housing and Community Development Department. (Recipients of MCCs may take 20 percent of their annual mortgage interest payment as a dollar for dollar tax credit against their federal income taxes. The homebuyer adjusts federal income tax withholdings, thereby increasing income available to pay the mortgage). Policy 55.03 FIRST TIME BUYER EDUCATION The Housing Division is committed Inform prospective low and moderate income to continuing the First Time homebuyers of the financial assistance programs Homebuyer workshops and financing available through private lenders, the Ciry, and program that is available to Alameda County. prospective home owners. Action 55.03 -A: The city sponsors up to four seminars per year. Action 55.03 - B: The City is a regular participant in the Homebuyer Information Fair which is held annually, Action 55.03 - C: Due to limited resources, staff has not yet initiated this activity, but will consider this when funding becomes available. Actio~z 55.03 A: First Time Homebuyer Seminars Continue periodic City-sponsored workshops for first-time homebuyers, in coordination with participating leaders and realtors. Action 55.03-B: Home Buyer Information Fair Explore the feasibility of reestablishing the Horne Buyer Information Fair (formerly known as the San Leandro Festival of Homes) as a joint effort with the County or adjacent cities. Actioi2 55.03-C: Post-Buyers Semis:ar Initiate an annual seminar to advise persons who have recently purchased a San Leandro borne (a `post-buyers"seminar). Year 2004 Annual Housing Progress Report 27 City Of San Leandro