CHDC Fuel Efficient Vehicle Financing Program - Nissan USA

This does not constitute tax advice. All persons considering use of available incentives should consult with their own tax professional to determine eligibility, specific amount of benefit available, if any, and further details.

STATE OF CALIFORNIA

CHDC Fuel Efficient Vehicle Financing Program

Short Description: The California Air Resource Board and Community Housing Development Corporation launched

a program to offer residents in certain communities financial assistance to purchase fuel efficient vehicles.

Beneficiary: Residents of qualifying communities who desire to purchase fuel efficient vehicles.

Type of Incentive: Financing Program

Effective Dates: Current Benefit, No Sunset Date

Value of Benefit: Up to $5,000 buy down with special financing up to $8,000

Full Description: The California Air Resources Board and Community Housing Development Corporation

(CHDC) announced a pilot program offering residents in targeted disadvantaged communities the opportunity to purchase fuel efficient, and ultra-clean, vehicles. CHDC signed a grant with the Air Resources Board to administer the LightDuty Financing Assistance in Disadvantaged Communities pilot project. This project will allow CHDC to provide financial assistance (price buy-down grants and loans) opportunities enabling consumers to purchase advanced technology vehicles, which will result in immediate greenhouse gas benefits and clean transportation. Through a partnership with the California Air Resources Board, CHDC is proud to offer the opportunities for customers to purchase a used reliable advanced technology vehicle. ?up to $5,000 buy down ?Plus special financing up to $8,000 ?With an interest rate up to 8% ?Up to 36 months repayment

Eligibility Requirements include: ?Reside in eligible zip code, see below for a list of zip codes ?Valid CA driver's license ?18+ years old ?Ability to repay loan and cover expenses related to car ownership and insurance ?Verifiable Income ?Income up to 400% poverty level ?Not currently in or filing for bankruptcy ?Resident of a disadvantaged neighborhood in Alameda, Contra Costa, Santa Clara, Santa Cruz, Solano, or San Francisco Counties

Municipal Statutory References: Not Applicable

Other Link(s):

CHDC Website:

Contact Info: For additional information or questions about the application process, please

contact the Community Housing Development Corporation at PH: (510) 412-9290

Find Out the Eligible Zip Codes ? #DrivingClean [7/10/2017 2:26:14 PM]

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