Employee Down Payment Assistance Program

The Employee Down Payment Assistance Program is an employee benefit open to all full-time, County of San Mateo and Housing Authority employees. The program is designed to encourage employees to live within the County, decreasing the environmental impact and the physical/emotional effects of a long commute.

The program offers a $100,000 loan (second mortgage) towards the purchase of a home in San Mateo County. The loan is deferred for the first, five years amortized for 30 years at three percent interest. The County also offers a $5,000 grant to help cover closing costs, for awardees, moving to San Mateo County from outside the County.


  • County of San Mateo or Housing Authority employee;
  • Currently, full-time, permanent employee for at least 18 months;
  • No income restrictions and cannot currently own a home in San Mateo County.

To qualify for the drawing, employees must receive a pre-approval letter from San Mateo Credit Union. *Up to five loans will be available, via a drawing, each quarter while funds are available.

The next drawing will be: Tuesday, May 25, 2021 and three names will be drawn.

To be entered in the May 25th drawing, please e-mail your pre-approval letter to Nila Kim at nhkim@smchousing.org.

The County will host several Employee Down Payment Assistance Program “Lunch and Learn” seminars. Attend one of the County's Employee Down Payment Assistance Program “Brown Bag Lunch” webinars:

  • Wednesday, April 7th from 12:00-1:00 p.m.
  • Monday, April 19th from 12:00-1:00 p.m.
  • Thursday, May 6th from 12:00-1:00 p.m.
  • Wednesday, May 12th from 12:00-1:00 p.m.
  • Tuesday, May 18th from 12:00-1:00 p.m.

For the attendee link, please check the County’s “Upcoming Event” Intranet site: https://smcgov.sharepoint.com/Pages/intra_home.aspx or to receive the attendee link via email, please RSVP to Nila Kim at nhkim@smcgov.org

For more information about the program, please see the PDF’s below:

If you have additional questions, please contact Nila Kim at nhkim@smchousing.org or via phone at (650) 802-5002.

*Number of drawees is dependent on funding availability.

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