Citi Foundation donated $22,000 to Affordable Housing Clearinghouse to support its financial education and homeownership preservation program. Affordable Housing Clearinghouse is working with Citi to support homeownership preservation and financial education programs. Due to Citi’s generous donation, AHC staff will be attending the National Training Institute in Philadelphia, PA this fall.
“We are proud to support Affordable Housing Clearinghouse and its innovative homeownership program,” said Tom Lyford, Citibank Area Manager in South Orange County. “This program provides crucial resources and information to low-and-moderate income first-time homebuyers, helping to promote and sustain homeownership. Citibank recently launched Our Promise to California and Nevada, an effort to reinforce our strong and ongoing commitment to our communities and to putting our customers at the heart of everything we do. Our work with Affordable Housing Clearinghouse is a part of that commitment.”
The Garden Grove Housing Authority will be accepting pre-applications for the Section 8 Rental Assistance Program waiting list. Completed pre-applications will be accepted online at www.gardengrovewaitinglist.com.
Online applications will be available on July 1, 2010 at 8:00 AM through July 31, 2010.
On Saturday, June 5, 10 AM to 2 PM at La Puente High School, HUD-approved housing counselors, loan specialists, and attorneys will provide free assistance to people struggling with their mortgages. The Alliance for Stabilizing Our Communities in collaboration with Congresswoman Grace Napolitano has organized this event to provide struggling homeowners with the tools and resources to make informed decisions about the options available to them. This event is sponsored by Los Angeles County Neighborworks Center for Foreclosure Solutions and East LA Community Corporation. Event Details
About 500 community leaders attended the Affordable Housing Awards Breakfast held on March 25th in Garden Grove. Hosted by the Kennedy Commission, OCCHC/Stepping UP and Affordable Housing Clearinghouse (AHC), the annual awards breakfast celebrates accomplishments and encourages us to do more to provide homes for very low-income families living in a county that ranks among the top 10 least affordable metropolitan housing markets in the nation (NLIHC).
Bill Pavao, Executive Director of the California Tax Credit Allocation Committee (TCAC), was honored for his persistent advocacy for deeper housing affordability while at TCAC and previously at California Housing and Community Development (HCD). His accomplishments include clarifying and streamlining regulatory changes, greater disclosure of decision-making, and greater use of TCAC’s website for disseminating information. After the breakfast, the Kennedy Commission hosted a roundtable discussion with Orange County’s housing leaders and Mr. Pavao.
Jamboree Housing Corporation (JHC) was awarded Project of the Year for The Arbor at Woodbury at the 2010 Affordable Housing Awards (AHA). Located in the City of Irvine, the community is home to 90 families who earn between 30% and 60% of area median income (27 homes are allocated to extremely low-income families) in a combination of one-, two- and three-bedroom garden-style apartments.
Affordable Housing Clearinghouse is in a consortium agreement with Neighborhood Housing Services of Orange County, Orange County Community Housing Corporation, Mary Erickson Community Housing, Habitat for Humanity of Orange County, Irvine Community Land Trust, and Community Housing Resources has been awarded $7.5 million in NSP2 funds. These funds will be used in targeted areas across 129 census tracts affected by high foreclosure and vacancy risk scores.
The consortium will acquire and rehabilitate 68 foreclosed or abandoned properties for resale and rental and provide financing mechanisms, in the form of homebuyer assistance, for 45 households to purchase and rehabilitate foreclosed homes. These activities will benefit households whose income is at or below 120 percent of area median income, with 25 percent of the funds for households at or below 50 percent of area median income.
Funded through the American Recovery and Reinvestment Act of 2009, this round of NSP grants is being awarded competitively to applicants who developed the most innovative ideas to address the impact foreclosure crisis has had on local communities, while demonstrating that they have the capacity to be responsible stewards of taxpayer dollars.