The San Pablo Economic Development Corporation (San Pablo EDC) is alerting the community to a program offering first-time home buyers up to $15,000 toward the purchase of a home.
The Federal Home Loan Bank of San Francisco’s Workforce Initiative Subsidy for Homeownership (WISH) program matches $3 for every $1 an eligible home buyer contributes towards the home’s purchase for a maximum contribution of $15,000, according to San Pablo EDC.
The matching grants are provided through member financial institutions, including Mechanics Bank. San Pablo EDC is partnering with Mechanics Bank to make WISH grants available in its community.
“Through the WISH program, we are seeking to make the possibility of Bay Area homeownership for working people a reality,” Leslay Choy, general manager of San Pablo EDC, said in a statement.