Looks like several homes in Riverside County will be getting a makeover as county officials prepare to dish out the dough.
(photo by Nathan Bittinger)
Next week, Riverside County supervisors will be looking over requests for neighborhood revitalization program funds. These funds will help to purchase, fix-up and resell foreclosed and abandoned homes within the county. The requests for more than $16 milllion come from three cities- Desert Hot Springs, Lake Elsinore and Norco -and four non-profit agencies- the Coachella Valley Housing Coalition, Neighborhood Partnership Housing Services Inc., the Riverside Housing Development Corp. and the Riverside County Housing Authority.
The Riverside County Economic Development Agency will be disbursing the county’s money for the purchase and resale of foreclosed and abandoned homes. These homes will be resold to residents with a low to moderate income. Qualifying homebuyers must not have owned a property in the last three years and cannot make more than 120 percent of the county’s median income. Buyers are also required to attend classes that teach people how to be responsible homeowners.
The request for The Board of Supervisors to release these funds will take place on Tuesday.
Interested in buying or selling a home in the Coachella Valley area? Contact Patrick Stewart Properties.