Monday, April 06, 2009

Neighborhood Stabilization Program is Open for Business!

Last year the city received $33 million from the federal government to help mitigate the impacts of foreclosure – such as blight and other problems that come with vacant buildings - on our communities. The Los Angeles Housing Department has launched its “Walk-In Program” to use these funds to help low- and moderate-income buyers purchase a foreclosed home in designated priority areas. These areas have been hit hardest by foreclosure, and are places where having a family in a home can help an entire neighborhood from destabilizing. You can contact a pre-qualified lending partner to get started today!