$50,000 down payment assistance from the City of Tracy

1)Listing # 60094496 60 W South St Tracy, Listing Price: $369,000
Beds 3/2, Sq Ft (approx) 1568Baths, Year Built 1988, Lot Sq Ft (approx) 3485

2) Listing # 60101402, 85 W 8th St Tracy, Listing Price: $355,000 2bd/2ba, sq.ft 1350, built in 1901

3)Listing # 60026570, 434 W TENTH St. Tracy, Listing price: $359,990 3bd/1ba, 987 sq.ft, built in 1944

City of Tracy Downtown Rehabilitation Home Loan Program
The city of Tracy Provides deferred, down payment assistance loans of $50,000 for low income, first-time homebuyers for the purchase of newly built or existing homes in the target area.

# Applicants must be owner-occupants of home in need of improvements.
# Homes must be located within the downtown area (see map below).
# Programs are available to downtown Tracy residents whose income does not exceed the limits.



Downpayment assistants in the news:
Tracy retools its loan program
Jake Armstrong
Record Staff Writer
Published Tuesday, Oct 3, 2006

So last week, the city upped the income qualifications to allow people with higher incomes to use the program. Now a family of four that makes up to $68,500, or 120 percent of the county's median income, can obtain $75,000 to put down on a house.

Under the new requirements, a buyer likely could qualify for a loan on a $375,000 home. However, the loan program also limits the buyer to homes in the city's 3-mile-wide downtown redevelopment area.

UPDATES on previous posts.

Here is the status of a few of the homes that have been featured on this blog..................

1)Great Fixer on the outskirts of Tracy under 400K........PENDING
33672 S Bevis Rd Tracy 95304......this went pending on september 14.

2)Perfect home for first time buyer in tracy under 400K..........SOLD
Its a clean home with new carpet and paint, big bedrooms and perfect for a family. This home is located in a nice area with wide tree lined streets.
135 Pereira ave, Tracy, Ca........Our listing sold for $385,338 asking 379,000. It was on the market for just 11 days.

3) Nice price for a fixer in Tracy, ca($300,000).......SOLD
Besides the price for the sq.ft the best thing about this property is that its zoned R-3.
430 W Lowell Ave Tracy 95376........Sold for $299,000 on August 30th. It was on the market 18 days.

4) Dramatic 76,000 price reduction___over 100K below market!!..........PENDING
"The sellers listed the home at 505K then lowered the price to 475K about 2 weeks ago and now today we are going to be reducing the price to 428,888."
3127 Jonathen St. Stockton 95206 .......This home is now pending. Went pending one week after we made the price ajustment.

5) Attention Swimmers!!!!! Nice house w/pool under 400,000!!!!......PENDING
Quality Conscious? Space for the family and a pool too!
1335 N Spruce Ln Manteca 95336...........Our listing and Pending.

6)Be my Neighbor.......SOLDIts a quint little 2 bedroom house right down the street from my house. It has a nice sized lot with a detached garage. It was first listed for 325K and it sold on Aug. 8 for 290K, it was on the market for 36 days.

In a slow market I am calling all of the solds. Its all about price.
Brian Barringer

Buy a house in Modesto for just $200 dollars

House Raffle!
Custom Built Home built in the 50’s in the
Historical College Area

608 Ila Way, Modesto 95354
(click here for google map)

Tickets are $200

Remarks:House to be raffled off on December 30th
Proceeds to go to 5 charities.Other prizes include new car and gift certificates.




Beds: 2
Baths: 1
Year Built: 1951

Structure Sqft (Approx): 1118

Acres: 0.150 Lot Sqft
Garage: 2 Car Attached


Dishwasher, Disposal, Freestndng Oven Gas, Freestndng Rnge Gas, Plumbed For Gas, Refrigerator

Covered, Patio, Public Transport, Window Furnishings

Breakfast Nook, Formal Dining Room

The event is being sponsord by IglesiaJuan14:6 which is a Christian Group based out of Modesto, here is what they have to say about the raffel from there website http://www.iglesiajuan146.org/......

Proceeds to go to 5 charities.

Other prizes include new car and gift certificates

IglesiaJuan14:6 of Modesto, CA. has felt a burden to help the community in
Stanislaus County. Therefore, it is launching a Pledge Drive that will benefit existing non-profit organizations in its community.

IglesiaJuan14:6 has also found the need of quality informative empowering radio programs and music so it has set out to start what will be RadioGozo an FM
Spanish Christian 24hr radio station that will reach approximately 20 cities.

IglesiaJuan14:6 will also grant 10 scholarships for 3 years in its already
established Berean School Of The Bible Study Center registered with Global Bible University .

To that end, IglesiaJuan14:6 has a Custom Built Home built in the 50’s in the
Historical College Area, approximately 1,200 square feet in size, with donated
furnishings (yet to be determined) in Modesto, CA.

This home is the Grand Prize of this Pledge Drive with a $200.00 contribution.
Your Pledge will get you entered and give you the opportunity to win the
Grand Prize.

It is the charitable intent and purpose of this Pledge Drive that the Pledge Drive’s
Net Proceeds (defined as gross revenue receipts minus Pledge Drive related
expenses) will be distributed for charitable purposes as follows:

1. Family Support Network is a nonprofit organization dedicated to serving
Stanislaus County residents with various programs such as Parent Support
Groups, and Health & Safety Education. They will receive $50,000 from the
net proceeds.

2. The Salvation Army Red Shield Community Center will receive $50,000.00
for existing programs offered at their facility.

3. The Gospel Mission of Modesto is a non-profit organization dedicated to serving
its community by feeding and sheltering the homeless in need. They will receive
$50,000.00 for their existing programs.

4. IglesiaJuan14:6 Berean School of the Bible “ Study Center ” 10 scholarships
for 3 years will be given to qualifying Candidates.

5. IglesiaJuan14:6 RadioGozo is a 24hr radio station.


IglesiaJuan14:6 would greatly appreciate your help and contribution and
may God guide as you decide to partner with us in this Vision.

Sincerely,

Guadalupe Sarmiento
Senior Pastor



Sounds like an interesting fundraising idea. I am curious about the odds.
Brian W. Barringer