Qualifying through both LMI and BIPOC status, Jose was able to additionally leverage the City of Los Angeles's DPA with our assistance.
Qualifying as BIPOC with a strong income and credit, Equity DPA helped D'Andre with that boost to make his dream of homeownership a reality.
As a 501c3, all donations are provided with tax deductible contribution letters, and these programs are made possible through corporate DE&I and ESG gifts, private foundations, and companies seeking to make a difference. Funds are permanently restricted to align with the donor's desired beneficiaries. With a projected average of $10,000 per homebuyer, the Equity DPA supports homebuyers as well as funding HUD Approved organizations who help underserved communities access credit through homebuyer education and pre-purchase housing counseling.
HCA will compliantly administer the Equity DPA program with long-term impact tracking and reporting for Donors.
Find out more about each donor fund option below, as we ensure that your donation meets your impact goals. Let's set up a time with our team to discuss how you can significantly impact equity in homeownership for traditionally underserved communities.
Down Payment Assistance for Black, Indigenous, & People of Color
Down Payment Assistance for Low-to-Moderate Income Buyers
Down Payment Assistance for BIPOC New-Construction Home Buyers
CRA regulated banks already have regulatory approval for funding DPAs, and HCA can provide a SPCP DPA program to overlay with your bank's 1st mortgage - effectively reaching BIPOC communities with special credit and assistance, without changing your bank's credit policy.
Private funds can be directed to specific communities, areas, and partners. Certain restrictions apply in order to maintain compliance. HCA will provide ongoing reporting and impact tracking. This newly formalized program design is being piloted upon regulatory approval.
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