
Several cities in the East Bay have partnered with Habitat for Humanity to implement the Neighborhood Stabilization Program (NSP) to restore foreclosed properties. Local governments and nonprofits are putting federal stimulus funds to allow working families the opportunity to purchase quality, renovated homes at an affordable price and with down payments as low as 1.75 percent. The average price of homes in the program is $250,000 in Hayward and $135,000 in Eastern Contra Costa County.
Recently Jeronimo and Nancy Hernandez of Pittsburg purchased a home with Habitat East Bay through the NSP. They first moved to the United States from Mexico six years ago and are now parents to two young children.