First Time Homebuyer
	Policies from previous housing element:
	Policy	Jurisdiction 	Notes
	Policy H (F-7): Encourage participation in the San Mateo 	Burlingame
	County first-time buyer program (Mortgage Credit Certificate)
	 and other ownership assistance programs.
	H-E-1-c First-Time Homebuyer Program. Establish a 	Foster City
	revolving fund to provide low interest and/or deferred second
	 mortgages. Target: 2002. Responsible Agency: Community 
	Development Agency.  
	Program H11e: Continue and expand the City's first time 	Brisbane
	homebuyer program using low  and moderate income 
	housing funds to subsidize mortgage finance costs.
	(HIP-23) Mortgage Subsidy Programs. San Mateo County 	Millbrae
	offers below market rate home mortgages to qualified first 
	time home buyers for purchasing units built by developers 
	who participate in the program. See HE for additional 
	information. Target: Ongoing. Responsible Agency: 
	(C.1) New Ownership Housing. The City shall seek 	Redwood City
	opportunities to assist in the acquisition of land/buildings for 
	construction of new ownership housing with the use of 
	Redevelopment Agency Housing Set Aside funds, HOME 
	funds and CDBG funds.
	(C.5) First Time Home Buyer Program. The City will assist 	Redwood City
	with homeownership opportunities through a First Time 
	Home Buyer Program revolving fund. See HE for sources of 
	(1.14B) The City shall continue participating in the San 	South San Francisco
	Mateo County Housing Investment Project (CHIP), which is a 
	consortium of several cities located in San Mateo County, 
	San Mateo County, lenders, school districts, and other 
	interested parties that seek to establish a countywide first-
	time home buyer program. (New Program)
	(6-E) Continue to participate in San Mateo County's 	San Bruno
	Mortgage Credit Certificate (MCC) program for first time 
	homebuyers. Advertise availability of the program.
	Monday, October 13, 2008	Page 1 of 2

	Policy	Jurisdiction 	Notes
	Continue to work with CHIP (Countywide Housing Investment	San Carlos
	 Program) which is a coalition of staff throughout San Mateo 
	County who are responsible for first-time homebuyer 
	programs. This working group has established parameters for 
	a program that can be adopted in each City and will 
	ultimately have a central administration.
	(7.0) Establish new and/or participate in existing programs 	East Palo Alto
	that utilize a variety of funding sources to provide first-time 
	homebuyer assistance to income-qualified households, with 
	a focus of assisting existing residents and workers in the City.
	Monday, October 13, 2008	Page 2 of 2