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Anaheim offering down payment assistance for 29 affordable homes near Disneyland

July 10, 2023

There are 29 new affordable homes available for first-time homebuyers looking for a place to live in Anaheim, located a stone’s throw away from the Disneyland Resort, with the city offering up to $100,000 in down payment assistance.

The townhome-style condos called 100 West, which are at 1214 S. Urbana St., are a part of the city of Anaheim’s BEGIN lending program. BEGIN provides up to $100,000 in down payment assistance for low- to moderate-income households.

Preference is given to people who already live or work in Anaheim. The assistance comes in the form of a bridge loan from the city. Most people who qualify for the loans get around $35,000 to $40,000, according to city spokesperson Erin Ryan.

The homes are priced in the mid-$400,000s and have two bedrooms with two-and-a-half bathrooms. Other homes available to buy at 100 West go for more than $800,000.

Interested homebuyers would first need to qualify with Toll Brothers, the developer, and get a mortgage through a lender approved by them. Then homebuyers would apply for down payment assistance with the city. There are 12 people who have ongoing applications for down payment assistance, Ryan said.

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The BEGIN program requires people to provide at least 3% cash for the down payment.

There are 292 units at the 100 West development. The city gave Toll Brothers density bonus approval for setting aside some units for low-income earners.

The income limits to qualify are $153,350 for a household of four people or $107,350 for a single person, which is based on 120% of the Orange County median income set by the state.

The city’s first-time homebuyer program has been around for more than 20 years.

Orange County Register

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Anaheim offering down payment assistance for 29 affordable homes near Disneyland

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