VACAVILLE - The City of Vacaville’s Department of Housing and Redevelopment is offering a great opportunity for local first-time homebuyers with three or more family members looking to purchase a home in Vacaville. 

The two-bedroom, one-bath home will be sold by the city to an eligible first-time homebuyer whose income does not exceed 80 percent the area median.  As an example, an eligible family of three would make no more than $57,050 per year.  The sales price of the home will be the lesser of fair market value of the home or an affordability calculation determined by the homebuyer’s income. Other eligibility requirements include that homebuyer must not have owned a home in the past three years and must occupy the home as a principal residence. The home is recently renovated and is in excellent condition.

Anyone interested must attend an orientation on May 23, 2011 at 6 p.m. at 40 Eldridge Avenue, Suite 8 in Vacaville.