ReCover CA Homebuyer Assistance Program

Open

California Department of Housing & Community DevelopmentCAFirst-Time Homeowner

Funding: Offers forgivable zero percent interest second mortgage loans up to 300000 dollars for 2023 and 2024 flood events and up to 350000 dollars for earlier wildfire disasters that can be used for down payment, closing costs and purchase price gap financing.State administered disaster recovery homebuyer assistance that uses forgivable zero interest second mortgage loans funded by federal disaster and mitigation dollars to close the affordability gap for disaster impacted households.RollingDeadline: Scope: Targeted California disaster impacted countiesstate

Updated: Dec 6, 2025

Summary

A disaster-recovery homebuyer assistance program providing forgivable second-mortgage loans to help disaster-impacted households bridge the affordability gap when buying a home.

Benefits

down payment assistanceclosing cost assistancegap financingforgivable second mortgagedisaster recoverystate housing programCalifornia homebuyer support

Who Can Apply

homebuyerfirst-time homebuyerdisaster-impacted renterdisaster-impacted homeownerlow-income homebuyermoderate-income homebuyerCalifornia homebuyer

Eligible Locations

Low and moderate income renters and homeowners who were impacted by qualifying disasters such as specified wildfire events from 2017 through 2020 or the 2023 and 2024 storms and floods, and who are purchasing an owner occupied home in one of the eligible California counties covered by the ReCover CA Homebuyer Assistance Program.

Eligibility

Low- and moderate-income renters or homeowners impacted by qualified disasters (e.g., 2017–20 wildfires or 2023/24 floods) in specified counties; First-time homebuyer or not owned in past 3 years.

Full Description

The ReCover CA Homebuyer Assistance Program, administered by HCD through subrecipient (e.g., GSFA), offers forgivable, 0% interest second-mortgage loans up to $300K-$350K to eligible households that were impacted by qualifying disasters (wildfires or floods) in limited counties. Funds may be used for down payment, closing costs, and purchase gap. Applicants must meet income limits, first-time buyer status, and property-location criteria. Priority is given to those impacted in the disaster. (Golden State Finance Authority)

Verification & Details

Status: Open

Source: hcd.ca.gov

Official source → hcd.ca.gov

Apply on official siteUpdated Dec 6, 2025

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