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Guest Op-ed: Learn about family wealth building in the Mission
Assessor Carmen Chu organized attends a Family Wealth Forum. Courtesy Vivian Po

In need of affordable housing options? Thinking of owning your own home? Need help with your children’s education expenses?  Come join us at City College of San Francisco’s Mission campus at 1125 Valencia St., on Saturday, Feb. 10 at 10 a.m. for a free workshop to help you get started with your family financial planning. The two-hour event will feature four presentations in English and Spanish on the topics below:

Homeownership Opportunities: The City of San Francisco provides a range of housing programs that serve families from low to middle income. If you are interested in becoming a first-time homebuyer, you may purchase your home with a down payment as low as 5 percent (2.5 percent can come from gifts). If you are saving for a down payment, eligible families may borrow up to $375,000 in down payment assistance towards the purchase of their first home. There are also special housing programs for teachers and below-market-rate homes priced as low as $220,000!

College Scholarship Opportunities: Do you or your children need help with finding financial assistance for their college education? There are multiple existing scholarship programs matching  donors to students who need support. There are also strategic advisers for college available to provide hands-on one-on-one support for the application process, financial aid and modest student loans. Here, you will learn what you need to know to get started.

Tax Savings for Families and Seniors: If you are planning to transfer your property to your children or simply thinking of relocating or downsizing to a new home, you may qualify for Prop. 58/193/60 tax saving programs to keep your property from reassessing to market value, thus saving tax dollars! Other than tax savings, planning ahead can also help you avoid probate, which is a legal proceeding for the court to distribute a person’s assets to the heirs or beneficiaries after death.

For more information about this workshop, please see the online registration form: http://bit.ly/2Bhwgp4 or call 415-554-7434 .

Story by: Vivian Po