How is AC Boost funded?
On November 8, 2016, voters approved Measure A1, a $580 million general obligation bond designated for programs expanding affordable housing in Alameda County.
Of Measure A1’s five programs, AC Boost is intended to assist middle-income working households to purchase homes and stay in (or return to) Alameda County. The target funding allocation for AC Boost is $50 million over the course of six years, with funds to be recycled into new loans as homeowners pay off their loans.
Alameda County’s Housing and Community Development Department (HCD) is implementing the programs and selected Hello Housing, a nonprofit housing organization, to be the Program Administrator.
Check for updates on how Measure A1 Funds are being allocated.