One of the primary objectives of the Inglewood Redevelopment Agency (the “Agency”) is to increase, improve and preserve the City’s supply of low- and moderate-income housing. The First-Time Home Buyer Program, established in 1995, is one way in which the Agency attempts to meet this objective.

On an annual basis, and in accordance with the Agency's approved budget, the Agency allocates monies from the Housing Fund for this First-Time Homebuyer Program. Allocated monies are used to provide loans for down payment and closing cost assistance for the purchase of a home to be used as a principal residence by a first-time homebuyer qualifying as a person or family of low- or moderate-income. The assistance is offered as a second mortgage loan made by the Agency concurrently with a first mortgage loan made by a lender. The loans are fully deferred loans until the home is sold or the title to the property is transferred. The maximum Agency loan amount is $150,000. Collectively, the City of Inglewood and the Inglewood Redevelopment Agency have provided over $7 million to the program and have assisted over 196 families and individuals in becoming proud Inglewood homeowners. Program eligibility is based, in part, on the total household size and income.

Los Angeles County State Income Limits for 2009

Area Median Income: $62,100

Income Category		Number of Persons in Household
		1	2	3	4	5	6	7	8
Extremely Low		16,650	19,050	21,400	23,800	25,700	27,600	29,500	31,400
Very Low		27,750	31,700	35,700	39,650	42,800	46,000	49,150	52,350
Lower		44,400	50,750	57,100	63,450	68,550	73,600	78,700	83,750
Median		43,450	49,700	55,900	62,100	67,050	72,050	77,000	81,950
Moderate		52,150	59,600	67,050	74,500	80,450	86,400	92,400	98,350

For more information

In regarding the First-Time Home Buyer contact the redevelopment staff at (310) 412-5290.