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Shared
Equity Housing Program
The
Shared Equity Housing Program (SEHP) was originally developed
to satisfy requirements to make available 24 units of lower
income housing by providing a silent second mortgage to qualified
lower-income households at the time of purchasing a home. Although
the Shared
Equity Housing
Program no longer assists in the purchase of homes that are
not already part of the program, when one of the 24 homes currently
in the program
inventory is listed for sale, the City may assist in helping
the new low-income purchaser qualify for a first mortgage by
providing
a silent second mortgage for that property.
When a home
is available, applications for the Shared
Equity Housing Program can be obtained by calling the Housing and
Community Investment Department at (916) 617-4555 or at City Hall
located at 1110 West Capitol Avenue, West Sacramento, CA 95691.
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