Rehabilitation
Our rehabilitation
program is a new effort this year and it is going very well! With the
help of Neighborhood Stabilization Program funding, we have been able
to purchase foreclosures in various neighborhoods throughout Mobile County.
After we purchase these homes, a crew goes in to assess the condition
of the home and then proceeds to rehabilitate it. After the rehabilitation
is finished, we then sell the home to one of our qualified families with
a no-interest loan just like our New Construction program! The families
must qualify in the same way as the New Construction program families
and must also put in the same number of sweat equity hours.
The Neighborhood Stabilization
Program has given us the opportunity to revitalize neighborhoods by taking
abandoned properties and making them suitable for a family again. |