Neighborhood Developments
NeighborWorks® HomeOwnership Center Sacramento Region acquires existing homes or vacant land for development of affordable housing, a successful strategy for improving neighborhoods and increasing homeownership opportunity. We build new homes, for ownership, and renovate existing homes.
We also provide strategic expertise and services to municipalities and builders for homeownership services, real estate and development opportunities, related services that reach the goal of increased homeownership & strong community.
NeighborWorks NSP
Sacramento NHS, dba NeighborWorks Sacramento Region, intends to submit an application for Neighborhood Stabilization Program 2 funding. The application is planned for $10-15 million. Funds are planned to be used to acquire and renovate foreclosed and abandoned homes in Sacramento, West Sacramento, Elk Grove and Citrus Heights, and to offer down payment assistance to eligible homebuyers. New investment will drive community improvement by removing blight and providing affordable housing opportunities.
We encourage public comments.
Send written comments to:
NeighborWorks NSP Comments
P.O. Box 5420, Sacramento, CA 95817
Written comments must be received by July 9th, 2009.
Completed
Blue Bungalow
3324 43rd Street, Sacramento, CA
The "Blue Bungalow" was an aging home that NeighborWorks® HomeOwnership Center Sacramento Region relocated, renovated and now has for sale at an affordable price. Sacramento Housing & Redevelopment Agency (SHRA) partnered with NeighborWorks® by donating the bungalow and providing funding for the relocation and rehabilitation of the home. The project demonstrates the successful outcome for the neighborhood that resulted from a good partnership between the City, NeighborWorks®, and SHRA and reflects the creative and positive steps taken to offer affordable homeownership opportunities for families in the Sacramento area.
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In Progress
Jay & Gee Market Project
The Jay and Gee Market is located at 4300 8th Avenue. In June 2007 NeighborWorks® Sacramento initiated discussions with the owners of the market for possible acquisition. In April 2008 NeighborWorks® and the owner of the property entered into a purchase agreement. It is the intent of NeighborWorks® to apply for a zoning change from commercial to residential and to refurbish the property to sell as a home to a qualified low-moderate income homebuyer at an affordable price. The acquisition and conversion of the Jay & Gee Market will assist in creating a healthy and sustainable community within the Oak Park area.
