Take a stroll through one of LA's most well-kept, exclusive neighborhoods. An island unto itself, Hancock Park is home to stately mansions and plush greenery throughout - providing its residents a serene oasis in the middle of the urban jungle that is Los Angeles. Wedged in between Korea Town and the Miracle Mile, bordered by Larchmont and Wilshire, HP offers a Beverly Hills appeal in the midst of an urban landscape. Enjoy.
Click here for the link to the video made by yours truly.
Some sample pics:
Dear Los Angeles Housing Department (LAHD) Homeownership Program Partner:
Re: Important Announcement Regarding LAHD 2008 - 2009 Homeownership Budget and Programs
The City of Los Angeles has approved its Consolidated Plan Budget for the 2008-2009 Program Year (April 1, 2008-March 31, 2009). The Low-Income Purchase Assistance Program budget has been significantly reduced from the current year's allocation. Additionally, decreased funding is anticipated for LAHD's Moderate-Income Purchase Assistance Program.
As a result of the reduction of LAHD's Homeownership Program budgets and the current foreclosure crisis (approximately 5,235 foreclosures occurred in the City in 2007), LAHD will redesign its Homeownership Programs to utilize its limited resources in a post-foreclosure/neighborhood stabilization strategy to mitigate the negative effects of foreclosures on the City's neighborhoods.
Consequently, LAHD is canceling the Reservations Waiting Lists for both the Low and Moderate Income Purchase Assistance Programs and will no longer accept reservation requests. Please notify your borrowers and real estate partners of the unavailability of LAHD Low and Moderate Income Homeownership Program funds.
Despite the unavailability of funds and cancelation of the waiting lists for the Low and Moderate Income Purchase Assistance Programs, LAHD has two other Homeownership Programs currently available for eligible first-time homebuyers: Mortgage Credit Certificate Program (MCC) and the American Dream Downpayment Initiative (ADDI) Program.
...Just as I was alerting colleagues and friends the feasibility of buying right now with the help of these programs. If this is any sign to what will happen to these types of programs in general, then we are in for a true series of unfortunate events.
 |
|
|
I am a Loan Broker and Counselor for a renowned nonprofit CDFI (Community Financial Development Institution). We run LAUSD's homeownership services as well as serve credit strapped borrowers.
Community Financial Resource Center (CFRC) is a certified nonprofit 501c CDFI (Community Development Financial Institution) that has been providing financial resources and services to underserved communities throughout Los Angeles County for 15 years.
CFRC provides a unique, rewarding experience that is hard to duplicate. We pride ourselves in being a "full-service one-stop-shop" for all buyers and homeowners, especially first-time homebuyers. 
As exclusive administrator of the Los Angeles Teachers Mortgage Assistance Program (LATMAP), LAUSD's homeownership and real estate services program, we help teachers, administrators, educators and employees buy homes through our one-stop-shop of resources and referrals. We have a growing network of lenders, banks and professional real estate agents - including National City Mortgage, Bank of America, Wells Fargo, Prudential, Century 21, private brokers and home inspectors among others.
Because we specialize in the 'information' aspect of the homeownership we relieve the burden for realtors, mortgage brokers, and lenders of over extending themselves as they prepare a client for the loan. Our comprehensive 8 and 12 hour workshops are taught by NeighborWorks certified Housing Counselors. Our certificates are also recognized by the State of California, County of Los Angeles, City of Los Angeles and other cities within Los Angeles proper.
As an added benefit we offer refinancing and other 1st mortgages under our Savvy, Sound & Safe Home Loan Program (SSSHLP). These flexible fixed rate and fair products allow borrowers with compromised credit scores to refinance or purchase, without being penalized. We can do this because our loans allow alternative lines of credit. This program has been popular among LAUSD employees and teachers.
"...I loved that I could ask any question and both presenters would spend time to explain." - Jacob Edwards, Homeownership Workshop
"I learned more than I had expected and everything important was discussed." - Ara Saryan, Homeownership Workshop
"I appreciate my experience with LATMAP and am spreading the knowledge that I have learned about all these great programs to others. I would not have been able to be a homeowner without the help of these programs and more importantly, the people that make it happen. Thank you." - Susan Naber
For more success stories check out our blog - http://www.surrealestateofmind.blogspot.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
