The City provides affordable ownership opportunities at a number of
sites, through deed restricted, price controlled covenants. The
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. In order to
qualify to purchase a home in the program a household must have a
family member that 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
($77,800 for a household of 4).
Chart of Purchase and
Resale Program Locations

Please call the Housing
and Property Management
office at 831.646.3995 for
information about this program.