City of Davis, CA
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City of Davis Affordable Home Ownership Program
The City of Davis Affordable Home Ownership Program offers an opportunity for income and asset qualified households to purchase a home locally at a below market cost. The program does not provide loan or down payment assistance. Individuals must be able to obtain a loan and any necessary down payment required by the lender and afford the mortgage payment. Feel free to choose any lender. The Affordable Home Ownership Program is an opportunity for income-qualifying families to feel the peace of mind that home ownership brings.
Program Eligibility
To qualify for this equal opportunity program, a household’s gross annual income will range from the low to moderate income levels for Yolo County, and cannot exceed 120% of area median income. Income limit qualification includes wages/salaries including bonuses, public assistance, benefits/pensions, child support, and cash. In addition, the buyer's monthly mortgage payments shall be no more than thirty-five (35) percent of gross monthly income for an affordable unit including mortgage principal and interest, taxes, insurance, assessments, and homeowner fees, as applicable and adjusted for household size (Davis Municipal Code Section 18.05.020). The 2025 HUD maximum area median income (AMI) per household size for Yolo County is (this is updated in late spring each year):
Current Income Limits
|
Family Size |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
80% of AMI or Low Income |
$70,500 |
$80,600 |
$90,650 |
$100,700 |
$108,800 |
$116,850 |
$124,900 |
|
100% of AMI or Median Income |
$95,150 |
$108,700 |
$122,300 |
$135,900 |
$146,750 |
$157,650 |
$168,500 |
|
120% of AMI or Moderate Income |
$114,150 |
$130,500 |
$146,800 |
$163,100 |
$176,150 |
$189,200 |
$202,250 |
Current Asset Limits
In addition, gifts, stocks/bonds, equity in property, retirement accounts, life insurance, lump sums, and deeds are considered assets. Households with assets that exceed $250,000 are automatically disqualified from affordable housing ownership.
Program Guidelines
Frequently Asked Questions for Buyers and Sellers
Deed Restrictions
In order to preserve these affordable housing units for the long term, the City has attached the following deed restrictions to each property:
-
All owning members of the household must remain the owner occupants of the home. Please see Davis Municipal Code 18.04 for more details regarding the owner occupancy requirements.
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The sales price of the property is restricted to a 3.75% appreciation per year from its original date of sale, compounded annually. Southfield Park is the only exception with appreciation restricted to 5.5% per year.
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When the owner decides to sell, the resale of these units is overseen through a City program that matches affordable units to qualifying households. This program requires 1% of the sales price to be paid to the City or its designee from the proceeds of the sale to cover the program costs.
Affordable Home Ownership Waitlist
If after reading the program guidelines, the deed restrictions and looking over the information to income and asset qualify, you are interested in joining the Waitlist, please email staff at: affordablehousing@cityofdavis.org.
Documents Required for Households to Income and Asset Qualify
Below is a link to the list of required documents you will be required to send to the City of Davis to income and asset qualify for the program. PLEASE DO NOT SEND THESE DOCUMENTS TO THE CITY UNLESS REQUESTED BY THE CITY.
City of Davis Income Certification Required Documents
City of Davis Income Certification Questionnaire
Resources for Homebuyers
- NeighborWorks - Call for a FREE pre-purchasing counseling session & down payment assistance programs
- Echo Housing - Call for FREE Homebuyers Education Class and a Free Pre-purchasing Counseling Session
Mortgage Programs Available to First-Time Homebuyers & Low-Income Individuals
Existing Affordable Ownership Units
- Willowbank Park
- Verona
- Mahogany Lane
- Cassel Lane
- Parque Santiago
- Southfield Park
- Grande Village
- Berry Bridge
- Villages at Willowcreek
Davis has several existing affordable ownership projects, while additional units are added to the program as development occurs. The existing affordable ownership units are currently owned and occupied by individual owners. However, the City of Davis possesses the right to match buyers to units when the owner is ready to sell. The City maintains a Waitlist of interested potential buyers and contacts this list when an existing affordable ownership unit is put on the market for resale. If you are interested in the program or would like to be on the Waitlist for existing affordable ownership units please contact affordablehousing@cityofdavis.org or 530-757-5623.