City of Rancho Cucamonga
Neighborhood Stabilization Program
Home Lottery and Down Payment Loan Program Overview
The City of Rancho Cucamonga is accepting applications for its Neighborhood Stabilization Program (NSP) Single Family Home Lottery. An eligible applicant selected through the lottery process will have the opportunity to purchase an existing, single- family, four-bedroom, two- bathroom, 1,556-square-foot home being sold for $425,000, and located at 6948 Spinel Avenue, Rancho Cucamonga, CA 91701. The program allows for up to $95,000 in down payment assistance to help the borrowers qualify to purchase the home. Due to the anticipated public interest in this program, the City has developed a lottery selection process for eligible home buyers. Neighborhood Partnership Housing Services (NPHS), a nonprofit organization, will be administering the lottery on behalf of the City of Rancho Cucamonga.
A Self-Assessment Questionnaire and Program Applications are available now and can be downloaded by clicking here. Complete applications will be accepted Monday through Friday from 8:00a.m. to 5:00 p.m. beginning September 1, 2017 through November 17, 2017. Interested applicants will submit applications to NPHS at 9551 Pittsburgh Avenue, Rancho Cucamonga, CA 91730 by 5pm on the deadline of November 17th. Incomplete applications will not be accepted and processed. Applicants are encouraged to first complete the Self-Assessment Questionnaire to determine whether they are eligible for the program before submitting the Home Lottery and Down Payment Loan Application.
Home Lottery Eligibility and Application Process
All complete applications submitted during the application period will undergo full verification of eligibility from which the first 10 qualified applicants will be assigned a lottery number and placed in the lottery pool.
Each of the qualified lottery participants will go through a lottery process from which a first-place winner, second place runner-up, and third place runner-up will be selected. In the event the first-place winner withdraws from the lottery or is deemed not eligible to purchase the home, the second-place runner-up will be given the opportunity to purchase the home. If the second runner-up does not complete the purchase, the third-place runner-up will have the opportunity to buy the home.
The lottery will be held on Saturday December 2, 2017 at 10:00 a.m. at the home: 6948 Spinel Avenue, Rancho Cucamonga, CA 91701.
Please contact NPHS at (909) 988-5979 or visit us at 9551 Pittsburgh Avenue, Rancho Cucamonga, CA 91730 if you have questions regarding the home lottery and down payment assistance application process.
For further information about the Rancho Cucamonga NSP Home Lottery and Down Payment Assistance Program, please download the following forms: