Affordable Housing Clearinghouse,the City of Irvine and Wells Fargo are collaborating to offer a Homebuyer Orientation on Tuesday, August 11, 2015 at the Katie Wheeler Library. This workshop will help you start your journey towards homeownership. We will review the steps to homeownership, the different types of loans as well as down payment assistance programs and resources available. Seating is limited, click here to register. If you have any questions please contact Janell Abarca or Leo Carrillo.
One-bedroom homes for sale to very-low-income homebuyers – please contact AHC for details.
The Orange County Mortgage Assistance Program (MAP) for first-time homebuyers provides a $40,000 silent (deferred payment) downpayment assistance loan. MAP is geared towards low-income first-time homebuyers purchasing in participating cities and unincorporated areas of Orange County. MAP is currently on a temporary hold, for more information please contact the County of Orange.
Ms. Sandra Speed, Charitable Manager at Wells Fargo Housing Foundation and Vivian Pham, Community Development Officer provided a $50,000 Leading the Way grant to AHC for the organizations Affordable Housing Programs and Services. On behalf of staff and clients we serve, thank you to Wells Fargo Housing Foundation for your support throughout the years. We value your service on the AHC Board of Directors and our community.
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.