The City offers programs and resources focused on sustaining and creating homeownership opportunities for qualified homeowners/households. To receive information or to make your information available to sellers as a prospective buyer, please add your information to the interest list. 

Homebuyer Assistance Program

The City of Simi Valley's Homebuyer Assistance Program provides up to 20% down payment assistance to households with incomes up to 150% of the Area Median Income, with credit scores above 620, debt to income ratios below 45%, and housing cost ratios below 35%. Qualifying households may receive up to 20% of the purchase price of their home through a deferred payment, equity share loan from the City. Households participating in the program will be able to purchase an eligible single family, attached or detached home located within the City limits and program requirements. Please note that funding for this program is limited and complete applications will be processed on a first come, first served basis. Priority consideration will be given to applicants earning 60% of the AMI as well as those applications with a identified property and complete loan application. 

Interested households, should thoroughly review the Homebuyer Assistance Application Packet prior to submitting a complete application. A self-guided Homebuyer Assistance Qualifying Worksheet is provided to assist households in determining their eligibility for the Program. Please note that final eligibility will be determined by the City. 

For questions about the Program, please contact housing staff at: Housing@simivalley.org or (805) 583-6779.

Deed Restricted, For Sale Units

There are approximately 200 units that are part of the City's affordable housing program. These unit's affordability is made possible through a written down initial price or through a second mortgage provided by the City that transfers from owner to owner during that unit's affordability period. Of these, 35 units are restricted to citizens ages 55 years or older. Privately-owned affordable and/or senior homes may occasionally become available for sale. Such units can be resold to a qualified buyer. Owners of these affordable units contact the City to receive a copy of the interest list when they are ready to sell.

•  If you are interested and would like to be added to the Homeownership Opportunities Interest List, please fill out the interest form. 

• For program participants interested in refinancing or selling their affordable unit, please call the Housing Information Line at (805) 583-6779 or email a Housing Staff member regarding ownership loan refinancing and subordination.

• Access the current Income Limits Schedule - For Sale Homes document. 

Additional Homebuyer Assistance

• California Housing Finance Agency - CalHFA (financial counseling, loans, mortgage credit certificates)
• Golden State Finance Authority - GSFA (down payment assistance, loans)
• Ventura County Community Development Corporation - VCCDC (down payment assistance, financial counseling, loans)
• Cabrillo Economic Development Corporation - CECD (financial counseling)
• Affordable Housing Clearinghouse - Database for Non-Profit Community Leaders
• U.S. Department of Housing & Urban Development - HUD