Decker Court - #21 on Map

In February 2001, the Agency entered into an Affordable Housing Agreement with Weiland Development to assist with the development of 12 single family homes affordable  to low and moderate income first time homebuyers.  Coupled with federal HOME funds, Agency funds were used to develop the property and the Agency’s investment was repaid upon the close of escrow.  Although all families were eligible for down payment loan assistance, only five of the 12 utilized them. (HOME funds are used for families earning below 80% of area median income, Agency funds for families between 80 and 120% - all five used HOME funds). Without the Agency and HOME loans to the developer, these homes would not have been built.  The project was completed in 2003 and the Agency’s total investment was $415,000 to acquire the project site. All Agency funds have been repaid, with interest.

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