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USC Faculty & Staff Housing Program (FSH) One-Time Subsidy

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is a grant for homebuyers in Los Angeles, California.

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The program asks for

  • The home is occupied as a primary residence
  • Sourced via Homebuyer Wallet (CA20250053). Restricted to USC tenure-track faculty (including deans) or executive staff. Eligibility and amount detailed in offer letter; faculty subsidies require dean approval. Subsidy may take form of one-time amount, monthly mortgage subsidy, rental subsidy, or non-forgivable loan.
  • A home inside Los Angeles city limits

It doesn’t cover

  • Homes outside Los Angeles

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where it applies

Los Angeles’s homes

  • 36.1% single-family
  • 5.9% townhouse
  • 9% 2–4 units
  • 48.3% 5+ units
  • 0.7% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$921,200

Los Angeles median home value

69.9%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Los Angeles

How to apply

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is USC Faculty & Staff Housing Program (FSH) One-Time Subsidy?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is a grant for homebuyers in Los Angeles, California. USC offers benefit to attract/retain faculty. Property must be sole and primary residence; SFR, townhome, or condo eligible. One-time subsidy toward down payment or closing costs for tenure-track faculty and executive staff at USC. Amounts specified in offer letter. subject to dean approval. Funding comes from USC University.

Do you have to pay it back?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is structured as a grant, so it is not repaid. Repayment is triggered by none (subsidy). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy is open to homebuyers who will live in the home as their primary residence. Sourced via Homebuyer Wallet (CA20250053). Restricted to USC tenure-track faculty (including deans) or executive staff. Eligibility and amount detailed in offer letter; faculty subsidies require dean approval. Subsidy may take form of one-time amount, monthly mortgage subsidy, rental subsidy, or non-forgivable loan.

What are the income limits?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy sets its income limit as follows: None (employer-based eligibility). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy can be used for Single-family, Condo, Townhouse.

Is there eligibility for specific groups?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy names educators among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

USC Faculty & Staff Housing Program (FSH) One-Time Subsidy serves homebuyers purchasing in Los Angeles, California.

How do you apply?

Applications for USC Faculty & Staff Housing Program (FSH) One-Time Subsidy go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Los Angeles homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 129 programs for Los Angeles

Program terms are set by the administering agency and can change; confirm on the official site before you apply.