First Time Homebuyers, Housing, Housing Programs|

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.

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