News Details

Bellflower Housing Programs

Owning a home seems like an impossible dream for many households today. The Housing and Grants Division of the City of Bellflower is trying to help make this dream become a reality through its Homebuyer's Assistance Program.

The Homebuyer’s Assistance Program (HAP) of the City of Bellflower assists qualified households with 80% of the lender required down payment and 100% of the customary non-recurring   closing costs associated with the purchase of a home, up to $50,000. The loan is in the form of a deferred second mortgage at 0% simple interest. The City will recapture funds through an equity share provision. Purchase price must not exceed 95% of Area Median Value (currently $476,900).   

Only conventional fixed-rate loans and FHA loans may be used. Payments on HAP loans are deferred until the sale or transfer of the property. To encourage long-term homeownership in Bellflower, the city loan is forgiven after 30 years.

The second program available, the Home Improvement Program (HIP) offers assistance to homeowner occupants for the purpose of completing home repairs and improvements. All loans and grants are provided on a first-come first-serve basis.

Owner-occupants, whose gross annual income (income before deductions) does not exceed the income limits establishedby the Department of Housing and Urban Development (for income limits info visit www.bellflower.org > Economic Development > Housing &?Grants Information), are eligible.

To be eligible, the after rehabilitation value of the home must be less than 95% of the median area value (currently $476,900).

Both programs are available citywide. Eligible properties include single-family detached properties, condominiums, and town homes. Mobile homes are only eligible for mobile home grants. Finally, the home must be the applicant’s primary place of residence. 

For more information call Travis Sais at (562) 804-1424 ext. 2286 or email tsais@bellflower.org