Program Details Homebuyer Assistance Program Affordable Homeownership Program
Program Status Open None currently available
Program Benefit Receive a silent second, deferred-payment loan to pay for downpayment and closing costs if you are a first-time homebuyer Purchase a below-market-price home out of the City’s 25 deed-restricted affordable housing inventory.
Income Eligibility Up to 80% of AMI Up to 120% of AMI depending on unit
Assistance Amount Up to $59,650 or 20% of purchase price, whichever is lower Discounted home price varies by property
Price Limits Must be at or below Sacramento County median home price Purchase price set by the City
Deed Restrictions No Yes – long-term deed restriction to keep the home affordable
Loan Terms 3% simple interest. Interest is forgiven over years 11-20. No principal forgiveness. No loan provided
How to Apply Learn more Learn more

Income Eligibility

An applicant’s gross (pre-tax) income and the number of people in their household will determine which City programs they may qualify for. The following table can be used to determine if an applicant is low or moderate income. The applicant’s income must be no greater than the amount listed to be considered in that income group. Income limits are set by the California Department of Housing and Community Development (HCD). 

Income limits based on household size and percentage of Area Median Income (AMI)
Income Group % of Area Median Income (AMI) Number of Persons in Household
1 2 3 4 5 6 7 8
Low 80% $73,600 $84,100 $94,600 $105,100 $113,550 $121,950 $130,350 $138,750
Moderate 120% $104,150 $119,050 $1133,900 $148,800 $160,700 $172,600 $184,500 $196,400

*HCD 2026 Income limits for Sacramento County

Additional Resources

Interested Elk Grove homebuyers may explore the following assistance programs that are not City-sponsored.