ULA Homeownership

The Homeownership Opportunities Program promotes long-term housing security and wealth-building via homeownership for low-income Angelenos. The Program providing financial assistance for down payments, closing costs, and acquisition costs. Eligibility for the Homeownership Opportunities Program is restricted to low-income households earning at or below 80% of the Area Median Income (AMI). Funds are disbursed through the Housing Department’s preexisting Low-Income Purchase Assistance (LIPA) Program which also leverages Linkage Fee and other funding sources, as available, to serve additional households.