Local Nonprofit Receives $100,000 Grant To Help Low-Income Families Own Homes
SACRAMENTO (CBS13) - A local nonprofit is now in the business of hope by helping low-income families in the market to buy a home.
NeighborWorks Sacramento just received a $100,000 grant to rehab several homes once marked for demolition.
The social economic face of Oak Park is still evolving. For years, some residents have complained they're being pushed out of their rented homes by affluent investors. But now, a nonprofit is trying to keep poor family's roots planted in Oak Park.
"We put six figures into this house," said Donald Terry, Director of Real Estate Development for NeighborWorks Sacramento, at a rehabbed home.
He says the nonprofit has been rehabbing dilapidated homes in poverty-stricken communities in the region for about 27 years. It helps low and moderate income families purchase their first home.
Neighbor Works recently received a $100,000 grant from Wells Fargo to overhaul houses in Oak Park.
"These are first-time home buyers. These are people renting in these communities that can now start to build equity and break the cycle of poverty," said Terry.
"Well, they're doing a good job," said Dora Maldonado, an Oak Park resident.
Maldonado is starting to see a positive change in her neighborhood.
"It's cleared up a lot around here. It has. It's cleaned up a whole lot around here," she said.
"So we extended the house another six feet," said Terry.
Terry says the project is selling more than just low-income homes, it's selling hope.
"We're giving people the opportunity to become homeowners that probably would never had that opportunity," he said.
Terry says by next year, their nonprofit will rehab another five homes in the Oak Park area.
Click here to visit the NeighborWorks website.
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