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Assistance offered to first time homebuyers
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The sales office for the Terrace subdivision is located at 1724 Zona Bella Lane and is a model for new homes. - photo by JEFF BENZIGER/Courier photo

The 21-lot Terrace subdivision - now owned by the Central Valley Coalition for Affordable Housing - is being marketed in Ceres exclusively to first-time homebuyers with the offer of $60,000 in down payment assistance.

The subdivision originally opened in 2006 and 2007 as Norwood Heights and The Terrace, which is now in its second phase now that building has picked up again.

In addition, the city of Ceres is adding $32,000 toward all buyers' down payment assistance for a total of $92,000 down.
"It is an amazing opportunity for this city," said Alvena Maryam Safar, a local real estate broker who has opened up the two new home subdivisions in Ceres located off of Richland Avenue.

First-time homebuyers are defined as someone who has not owned a home in the last three years.

The Terrace homes sell for $181,490 up to $209,990 for the 1,725-square-foot model which is well below the actual market value for new homes. Homes are standard single family homes with granite, stainless steel etc.
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