November 10, 2009: Down-Payment Asistance Program for Marina Residents
The Ingram Housing Fund, set up by Marina residents, is available to make down payment assistance loans to low income households for home purchases in Marina. Loans with 3% simple interest will be made in amounts of up to $50,000 and are repayable upon resale of the home. Applicants must have lived in Marina for at least 2 years, must meet income requirements, and must not have owned a home for the past 3 years.
The program is administered by the ACTION Council of Monterey County, a local nonprofit organization. For program information and applications please visit the Ingram Housing Fund webpage on the ACTION Council website, or contact Libby McMahon, ACTION Council Finance Director, at 783-1244 or firstname.lastname@example.org.