City’s Restricted Units
The City of Oxnard has approximately 721 Low and Moderate Income resale restricted units throughout the city. Upon resale of these units, the City will calculate the property value for what the property could be sold for, it cannot be sold for any more than the amount given. Realtors, not the City, will be responsible to inform interested buyers on the price, income guidelines, and resale restrictions. Once an offer is submitted and accepted by the seller, the buyers will submit an application with the City to be reviewed for eligibility. Applications will not be accepted without an accepted, fully executed offer.
To purchase the unit without any City downpayment assistance, households will need to meet the unit’s income requirement, which is either low or moderate, and will need to occupy the unit for the remaining period of the restriction. Buyers must submit a complete application accompanied with the required listed documents to be reviewed for eligibility .
Downpayment assistance is available only to low-income buyers, not moderate, that currently live in Oxnard and are first-time homebuyers.
Below is the link to the list of these properties and the Income Guidelines.
City of Oxnard Affordable Restricted Units
* Those units which have been foreclosed no longer have a restriction by the City.
2017 HUD Income Guidelines
|Persons in Household||1||2||3||4||5||6||7|