FRESNO, Calif. (KFSN) -- The dream of homeownership appears to be drifting farther away for many people.
But several programs through the city of Fresno offer down payment assistance for low to moderate-income families.
"What we recognize in Fresno is the housing market has sky-rocketed," says Fresno Mayor Jerry Dyer. "It's very difficult to pay rent, it's very difficult to pay a mortgage and so people need assistance."
A program through Bank of America can provide up to $17,500 for down payment assistance.
Another one is handled by the Federal Home Loan Bank of San Francisco.
"They offer $22,500 for first-time homebuyers through assistance," Dyer said. "That's through the WISH program."
The rate of homeownership among minority families in Fresno is 19% lower than white families, according to Construction Coverage.
Aisha Allen with Realtist of Fresno County helps connect people with programs such as one offered through Self-Help Credit Union.
"They recently rolled out two new programs that help cover down payment," Allen said.
Allen says those programs are made for families making about $35,000 a year, but other factors are considered.
Realtist seeks to increase homeownership through education.
It offers workshops to let homebuyers know about available resources.
"Actually, there is a good amount of people who end up qualifying that weren't expecting to qualify at all," Allen said.
That is the key -- you never know unless you apply.
If you're interested in these home buyer assistance programs, we've posted links on our website.
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