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Homeownership for Moderate Income Households in LA
Darrell Simien
SVP Community Development, Habitat for Humanity, Greater Los Angeles
With the support of community partners, donors, and volunteers, Habitat for Humanity of Greater LA constructs new homes and renovates existing homes alongside Habitat Partner Homebuyers. Their homeownership program is designed to assist low-income first-time homebuyers – earning between 50% AMI and 120% AMI – to achieve the American dream of homeownership. Habitat homes are sold to partner homebuyers at no profit and financed with affordable loans. In addition to a down payment and monthly mortgage payments, homeowners invest sweat equity hours building their future Habitat home and the homes of other Habitat Homebuyers. Interested applicants must submit an application and meet the program’s eligibility requirements, including demonstrating good credit and completion of homebuyer education workshops.
