Oceans >City might use development charges for loans

Oceans >City might use development charges for loans

OCEANSIDE, Calif. (KGTV) – The Oceanside City Council simply gave approval that is preliminary a plan that could make use of town development costs in an effort to offer homebuyers assistance with their down payments.

City Councilman Christopher Rodriguez provided the basic concept, that he calls the low-cost Market Purchase Program (AMPP).

“It is a win-win,” states Rodriguez. “and it is the quickest method, in my experience, to making house ownership.”

Beneath the plan, individuals could borrow as much as 20% of the house’s price tag through the town. Read more