Moving Communities Toward A Green Future

CHDC Launches New Financing Program:

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 Light-Duty 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.

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Vehicle Financing Options:

CHDC’s Transportation Program is an economic empowerment program that combines low-interest loans with financial education, budget consulting, and personalized management. We assist with financing of

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Advanced Technology Vehicle Loans

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 $15,000
  • With an interest rate up to 8%
  • Up to 60 months repayment

What Is An Advanced Technology Vehicle?

green electric car

Advanced technology vehicles are fuel efficient, ultra-clean, and alternative fuels vehicles.  These vehicle may run on a fuel other than traditional petroleum or Diesel fuel.  It also refers to  electric cars, and hybrid electric vehicles.

Because of a combination of factors, such as environmental concerns, high oil prices and the potential for peak oil, development of cleaner alternative fuels and advanced power systems for vehicles has become a high priority for many governments and vehicle manufacturers around the world.

Information about Eligible Vehicles:

Eligible vehicles for the purpose of this Financing Assistance Program include light-duty passenger vehicles that are either a hybrid electric vehicle (HEV), a plug-in hybrid electric vehicle (PHEV), a battery electric vehicle (BEV), or a fuel cell electric vehicle (FCEV).  For used vehicles (HEV, PHEV, or zero-emission vehicles including BEV and FCEV), vehicles must be eight years old or newer with a combined fuel economy rating of at least 20 miles per gallon of fuel or more depending on the model year (See table below).

Table 1: Minimum U.S. EPA Combined Fuel Economy Rating by Model Year
Model Year Minimum U.S. EPA Combined Fuel Economy Rating
2010 22
2011 25
2012 28
2013 29
2014 30
2015 31
2016 32
2017 37
  • For a hybrid electric vehicle, 8 years old or newer with combined fuel economy rating of at least 20 miles per gallon of fuel or more depending on the model year, a maximum price buy-down of $2,500. Program participants purchasing an advance technology vehicle may be eligible for additional funding through a favorable auto loan through our preferred lenders. The funding maximums are as follows:
  • For plug-in hybrid and zero emission vehicles, a maximum price buy-down of $5,000.

How To Apply:

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

Am I Eligible?

Eligibility Requirements include:

  • Reside in eligible zip code, for list of zip codes click here
  • 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