The First Time Home Buyer Program provides up to $50,000, fully amortized secondary mortgage financing at below-market rates to assist eligible employees to purchase a home.
Sonoma County entered into a Memorandum of Understanding with Service Employees International Union (SEIU) Local 1021 in order to fund one or more programs to assist represented employees with housing cost issues. Since July 1992, County employees who work in SEIU-represented job classifications have had one penny ($.01) per each hour of their compensation paid into a Housing Assistance Fund. Effective July 5, 2016 the employee contribution paid into the Housing Assistance Fund increase to two pennies ($.02) per hour. The County provides a dollar for dollar match for all employee deposits into the Fund.
A joint labor/management Housing Assistance Committee (HAC) meets quarterly to monitor the operation of the Housing Assistance Fund, formulate and implement occasional program changes. The Fund finances three programs, the First Time Home Buyer Program, Rental/Mortgage Assistance Program, and Housing Assistance Rehabilitation Loan Program. Repayments for all loans are made through payroll deductions.