Owners looking to refinance or sell unit must place a request with the City of Thousand Oaks in writing. Not all programs have the same requirements, so it is important for owners to review their documents prior to making any kind of decision or request.

First Time Home Buyers Units
The Redevelopment Agency has several existing down payment assistance loans given to First Time Home Buyers. Click here for a list of units which have an Agency loan.

Paying Off Loan
Loan borrowers may request to payoff loan prior to end of term. Depending on terms on Note and Agency may take a share of the equity.
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Subordination
Loan borrowers may request a Subordination Agreement. The City will consider subordination application only if refinance is to lower rate or lower term.
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Resale Controlled Units
The City has placed and monitors an affordable restricts on resale controlled units. These units were developed prior to 2000 and have different restrictions from the units above. Properties on this list may not be available for sale at this time. Qualification to purchase unit is based upon buyer’s income and household size. For owner requesting to sell units see, resale controlled outline for more information.

For more housing information call (805) 449-2393 or email CommunityDevelopment@toaks.org.