Thinking about buying your first home? The City of Los Angeles Housing Department (LAHD) offers three programs, the Low Income Purchase Assistance (LIPA) , the Moderate Income Purchase Assistance (MIPA) and Mortgage Credit Certificate (MCC), that can help you achieve your dream of homeownership.
The LIPA and MIPA programs help first-time, low-income and moderate-income homebuyers purchase homes in the City of Los Angeles by providing loans to cover the down payment, closing and acquisition cost. The MCC program provides a dollar-for-dollar reduction to the homebuyer’s potential federal income tax liability. This increases the household income available to qualify for a home mortgage.
Low income Purchase Assistance (LIPA)
We offer a purchase assistance program for first-time, low income homebuyers to help them finance their first home.
Moderate Income Purchase Assistance (MIPA)
We offer a purchase assistance program for first-time, low moderate homebuyers by providing loans to cover the down payment, acquisition and closing cost.
Mortgage Credit Certificate (MCC)
A Mortgage Credit Certificate provides eligible, first-time homebuyers with a federal income tax credit based on 20% of the annual interest paid on a mortgage.
