Assistance for Qualified Homebuyers

The City of Arcata is currently unable to accept applications for the Home Ownership Program, due to a lack of funding.  We will update this page when funding is available.

The Home Ownership Program (HOP) provides gap financing for homebuyers who meet income qualification requirements. The gap financing is secondary to other lender financing, and is the difference between what a buyer qualifies for with conventional financing and the home purchase price.  

  • Homes must be located within Arcata city limits. 
  • Applicants must qualify for primary financing with another lender.
  • Secondary city loans are made at 1.5% with payments deferred for 30 years.
  • Applicants must meet income qualifications.

The first step is to complete at Homeownership Program Pre-Application to be placed on a waitlist when funding is available.