Clayton approves CaliforniaFIRST financing

June 10, 2015
... In other business, the council unanimously passed a motion to approve the CaliforniaFirst and Figtree programs for Clayton. They are authorized by the state of California to finance and fund home improvements that increase energy and water use efficiency as a property tax. Councilwoman Julie Pierce said, "I think this is a fabulous program." The programs allow lenders to base the financing on the equity in one's home, and the balance owed becomes a lien on the property that is paid with taxes and stays with the property in the event of a sale. Originally published as part of a larger article in the Contra Costa Times