Newport Beach
Newport Beach, incorporated in 1906, is an affluent city in Orange County, CA 10 miles south of downtown Santa Ana. Newport Beach is also home to Newport Harbor.
The city’s median family income and property values consistently place high in national rankings. The Daily Pilot, a newspaper published in the neighboring city of Costa Mesa but which serves the greater Newport-Mesa community, reported in 2010 that more than a quarter of households have an income greater than $200,000, and the median value for homes exceeds $1 million.
Before settlers reached the coasts of California, the Newport area and surrounding areas were very prominent Indian lands. Though, throughout the 1800s, settlers began to settle the area due to the availability of land. The state of California sold acre-plots of land for $1 a piece in the Newport area. Anglo-American civilization in Newport grew substantially when in 1870 a 105-ton steamer named The Vaquero, captained by Captain Samuel S Dunnells, against warnings posted by surveyors, safely steered through the lower and upper bay of Newport where it unloaded its cargo. James Irvine, after hearing the astonishing news, quickly traveled from his home in San Francisco to the San Joaquin Ranch. Meeting in Irvine’s ranch house near current day UC Irvine with his brother, Robert Irvine, and friend James McFadden, they all agreed that the newly found port should be named simply, “Newport” thus where Newport Beach gets its name.
Beachgoers have flocked to Newport Beach since the Pacific Electric Railway started bringing them in 1905. Attractions include the city beaches from the Santa Ana River to the tip of the Balboa Peninsula, Corona del Mar State Beach, and the beaches of Crystal Cove State Park.
Newport Beach is renowned for good surfing, especially between Newport Pier and the Santa Ana River. At the tip of the Balboa Peninsula, The Wedge offers world-class body boarding and bodysurfing. Newport Harbor is the largest recreational boat harbor on the U.S. West Coast, and a popular destination for all boating activities, including sailing, fishing, rowing, kayaking and paddle-boarding. The annual Christmas Boat Parade dates back to 1908. The New York Times has called it, “One of the top ten holiday happenings in the nation.”
Fashion Island and Newport Center is a popular regional shopping and entertainment destination. Also at Newport Center, the Orange County Museum of Art exhibits modern and contemporary art, with emphasis on the work of Californian artists.
The City of Newport Beach does not currently have any available programs to assistance with the purchase of a home within the City.
The City’s recently adopted Inclusionary Housing Ordinance requires that 15% of the units within a new residential subdivision project be made affordable to very low-, low-, or moderate-income households. If the units are reserved for moderate-income households, the Ordinance requires that the units be sold at a price affordable to moderate-income households. If these units become available, the City will post the availability on this website and will require the developer to provide additional notice to the public through a newspaper advertisement.
The State of California and federal government have the following programs available to assist with the purchase and finance of homes for qualified purchasers:
California Housing Finance Agency (Cal HFA) State and Federal programs that assist by making low interest loans available with smaller down payments.
U.S Department of Housing and Urban Development State and Federal programs that assist by making low interest loans available with smaller down payments.
For additional information and to find out how to qualify for this and other programs, please contact Andres Morales at (949)306-9260. You may also email directly at ThankYou@AndresCanHelp.com.