The Los Angeles County Development Authority (LACDA) provides first-time homebuyer down payment assistance to low- and moderate- income households who are unable to purchase a new home. The homebuyer must meet credit underwriting criteria established by the lender providing the first mortgage loan, as well as, underwriting for the LACDA. The LACDA provides the financial assistance via a secondary mortgage, with all payments deferred until sale, transfer, or refinancing. The LACDA shares in a percentage of the equity accumulated on the property, depending upon the circumstances that exist at the time of subsequent sale, transfer, or refinancing.

1. The applicant must meet the income eligibility requirements for the AHOP Program;
2. The applicant may not have held an ownership interest in a Principal Residence with in the past there years;
3. The applicant must occupy the acquired housing as a "Principal Residence"; and
4. The applicant must attain homeownership counseling and education from an agency accredited and certified by the U.S. Department of Housing and Urban Development or National Reinvestment Corporation. All who will be named on title must attend this training and each person must present a certificate.