Summary
The council discussed launching a program to help low- and moderate-income first-time buyers with gap financing, modeled on Turlock's program. Supporters say it helps residents afford $450,000 homes; skeptics worry about straining a tight General Fund.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 28, 2026.
Impact analysis
Could be run without hitting the General Fund by using up to 10% administrative funds from HOME reuse money, but in-house operation would require a full-time general fund position.
Low- and moderate-income Ceres residents trying to buy their first home.
Nearby homeowners and local residents are stuck dealing with a major neighborhood eyesore and potential drops in their property values.
Mentions & discussions (2)
City Council - Sep 28, 2026
The council discussed launching a program to help low- and moderate-income first-time buyers with gap financing, modeled on Turlock's program. Supporters say it helps residents afford $450,000 homes; skeptics worry about straining a tight General Fund.
Ceres 40-home housing development abandoned, left in limbo
Ceres 40-home housing development abandoned, left in limbo CBS News
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