Downtown San Diego Program

• $75,000 loan with monthly payments deferred for 5 years. This is different from a Silent mortgage, which is normally not repaid at all with the buyer remains in the home.
   
• Sponsored by CCCD (Center City Development Corporation)
   
• Buyer needs to provide down payment of 3% from own funds
   
• Income limited to 120% of Area Median Income (AMI) for a given household size). Income from all wage earners is added to calculate qualifying income, regardless of whether an income earner will be on the loan.
   
• Available in the 11 downtown districts: (Civic Center, Columbia, Convention Center, Cortez, Horton/Gaslamp, Little Italy, Marina, and East Village Ballpark/Northeast/Northwest/Southeast)

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