The program’s next round, launching today, keeps the same “shared appreciation” lending model: The state will give first-time homebuyers money towards a down payment — up to 20% of the purchase price or $150,000, whichever is lower — then it will get paid back the loan plus a share of the home’s appreciation whenever it sells again.

Read More: https://smdp.com/2024/01/20/dream-for-all-down-payment-assistance-for-first-time-california-homebuyers-relaunches-with-new-lottery/