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The City provides affordable ownership opportunities at a number of sites, through deed restricted, price controlled covenants. The Purchase and Resale Program provides for a small increase in value each year. It is an opportunity to gain all of the benefits of ownership, such as tax benefits, increased equity and freedom from renting. To qualify to purchase a home in the Program, a household must have a family member who works in the City of Monterey, or the household must live in the City. The income from all adults living in the household must be below the maximum for a Moderate Income Household.

The packet is available in PDF and is updated each April/May.

2020- 2021 Affordable Ownership Application Packet

Down Payment Assistance Guidelines and APPLICATIon

Voice: (831) 646-3995
Fax: (831) 646-5616
7-1-1 (Hearing Impaired)

Kimberly Cole
Community Development Director

Grant Leonard
Housing Analyst
Voice: (831) 646-5614

C. Thane Wilson
HCD Coordinator - Projects & Programs
Voice: (831) 646-3728

Housing Programs
Downstairs in Colton Hall
570 Pacific Street
Monterey, CA 93940