The San Diego Housing Commission (SDHC) offers several first-time homebuyer programs aimed at assisting low- to moderate-income individuals and families in purchasing their first home in San Diego. These programs include:

1. First-Time Homebuyer Down Payment and Closing Cost Assistance Program: This program provides deferred loans for down payment and closing cost assistance. The loan amount is based on the applicant’s income and can cover up to 17% of the home’s purchase price.
2. Mortgage Credit Certificate Program (MCC): The MCC program provides eligible first-time homebuyers with a federal income tax credit based on a percentage of the annual interest paid on their mortgage loan. This credit can help lower their federal income tax liability, thereby increasing their available income to qualify for a mortgage loan and assist with monthly mortgage payments.
3. Homeownership Grant Program: This program offers grants to eligible first-time homebuyers to assist with down payment and closing costs. Grants do not need to be repaid.
4. Closing Cost Assistance Program: The Closing Cost Assistance Program provides a grant to help cover closing costs for eligible first-time homebuyers. The grant amount is based on the borrower’s income and household size.
5. Affordable For-Sale Housing Programs: SDHC collaborates with developers to create affordable homeownership opportunities for low- to moderate-income individuals and families. These programs offer below-market-rate homes for sale to qualified buyers.
6. Homeownership Counseling Program: SDHC offers free homeownership counseling to help first-time buyers navigate the homebuying process, understand mortgage options, and make informed decisions.

These programs aim to make homeownership more accessible and affordable for San Diego residents, particularly those with limited financial resources. Eligibility requirements vary for each program, including income limits, credit score criteria, and residency requirements.