Many low and moderate income families seeking to buy a home in Orange County's high-cost housing market find themselves unable to bridge the financial gap.
In order to help families overcome this affordability gap, the Department of Housing and Urban Development awarded Orange County, CA and NeighborWorks Orange County $11.5 Million in redevelopment funding through the Neighborhood Stabilization Program. Using NSP funds to rehabilitate foreclosed homes, NeighborWorks Orange County and its nonprofit partners are able to bring properties back up to code and provide housing opportunities for low and moderate-income families to live closer to work and family.
This video showcases the program’s impact, strategies and success stories in Orange County. Feautured in this video are NWOC clients, Alejandra and Luis Chavez of Anaheim, proud new homeowners of an NSP property. Previous to buying their home, the young couple lived with family for several years. For the Chavez Family, being able to buy their home in Orange County allowed them to stay close to work, family, and their child care provider. The family now knows the pride of homeownership and has secured a stable and comfortable home for their children to thrive and make great memories in.
To see income guidlelines for NSP Programs: