CalHFA Gives Boost to Affordable Housing Market.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif. -- The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Housing Finance Agency announced today that their revised sales price limits add up to greater opportunities for first-time homebuyers First-Time Homebuyer An IRA owner who is exempt from the early-distribution penalty (which applies to IRA distributions that occur before the IRA owner reaches age 59.5) for distributing funds from his or her IRA to buy, build, or rebuild a home when having had no interest in a in California. The recent revisions to CalHFA's sales price limits are the highest allowable by federal law and vary depending on where in the state the home is located. The new sales price schedule shows an increase over the March 2004 standards for 56 of 58 counties in the state; the most significant increases were in the counties of Alpine ALPINE Antihypertensive Treatment and Lipid Profile in a North of Sweden Efficacy Evaluation (drug trial) ALPINE Advanced Logistics Program Integration and Engineering , Calaveras and Tuolumne. Amador and Santa Cruz Santa Cruz, city, United States Santa Cruz (săn`tə kr  z), city (1990 pop. 49,040), seat of Santa Cruz co., W Calif., on the north shore of Monterey Bay; inc. 1866. were the only two counties
that registered slight declines.
"We're thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to be able to increase the advantages for many first-time homebuyers in our state with our revised sales limits," says California Housing Finance Agency Executive Director, Theresa A. Parker. "Homeownership continues to be one of the most solid and durable investments a California family can make. And, our recent revisions give even more strength and versatility to our homeownership programs." The California Housing Finance Agency has been in existence for nearly 30 years and has helped more than 130,000 California families purchase their first home. As a completely self-supporting state agency, bonds are repaid by revenues generated through mortgage loans, not appropriated taxpayer dollars. For more information on the revised sales limits and the full complement of CalHFA homeownership programs, call 1-800-789-2432 or log on to www.calhfa.ca.gov. |
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