Help     
ECP
Strategic Plan 2009-2013 Strategic Plan 2009-2013




Innovations in Community Development: Rebuilding Neglected Los Angeles Communities
PAGE TOOLS
   
RELATED TOPICS
   
RATE THIS
 
Low   High
     
1

2

3

4

5
     
 
DIGG THIS
 
 
Published 2004
Author Jennifer Blake
Source Enterprise Community Partners
URL Click here to download the full document
PDF: 12 pages, 236 kbytes

Preview

Enterprise Home Ownership Partners was created in 2000 to buy FHA-foreclosed single-family properties from the Department of Housing and Urban Development, rehabilitate and sell them to low- and moderate-income first-time homebuyers in Los Angeles. The program is designed to interrupt the cycle of foreclosures resulting from "flipping" homes. This program is unique among other Asset Control Area programs in the United States, because it was designed and created by a national community development organization, because it is the largest among them and because a unique partnership allows it to bring solar energy to some of the homes. This profile is one in a series entitled Innovations in Community Development, which documents effective community revitalization programs developed by Enterprise Community Partners Foundation and others in partnership with nonprofit organizations, financial institutions, local governments and corporations. It will serve those looking to replicate large-scale programs as well as those researching the industry's leading efforts. It discusses the need, implementation, partners, financing, accomplishments and lessons learned

© 2009 Enterprise Community Partners, Inc. American City Building | 10227 Wincopin Circle | Columbia, Maryland 21044 | Phone: 800.624.4298
Enterprise Community Partners is a national nonprofit that provides expertise for affordable housing and sustainable communities. We offer financing for affordable housing through our nonprofit, Enterprise Community Loan Fund, and through our for-profit subsidiary, Enterprise Community Investment, Inc.
Privacy Policy | Site Map | Conditions of Use | Feedback