Pima County, partners helping residents buy or rent energy-efficient, foreclosed propertiesby Pima County News on Dec. 08, 2011, under Community Development & Neighborhood Conservation, Housing, Pima County, Tucson
Are you looking for an affordable home to buy or rent in Pima County?
Pima County is partnering with the City of Tucson and seven local nonprofits to stabilize neighborhoods by turning vacant, foreclosed properties into owner- or tenant-occupied, energy-efficient homes.
A range of traditional and innovative programs, aimed at reducing the number of vacant properties in a South Side area hard hit by foreclosures, is made possible by $22 million in federal stimulus funds that Pima County received in 2010.
More information about the partners and their programs can be found at the Pima Neighborhood Investment Partnership website: www.pnip.org.
One program was so successful that 101 individuals and families are already living in homes they are buying – and making their neighborhoods better.
Each household received down payment assistance. These new homeowners were educated and screened by one of four nonprofit housing counseling partners to ensure they could handle their long-term financial responsibility.
“This is where we will build our memories and we are having a blast painting and fixing things up,” one of the new homeowners said. “Our mortgage payment is actually lower than what we were paying in rent so there is a lot of relief in the financial sense that we know we can afford this and that even with emergencies and unexpected bills we can manage.”
A relatively new concept in Southern Arizona that has been successful elsewhere reduces the inventory of vacant, foreclosed homes; makes homeownership more affordable; and helps low-income families build equity. Through the Pima County Community Land Trust (PCCLT), foreclosed homes are rehabilitated and made more energy efficient and sold to lower-income individuals and families, who lease the land the home is on for a low monthly fee. The sale and lease are set up to contain buyers’ total monthly housing costs, including utilities, to 35 percent or less of their monthly gross income.
Habitat for Humanity Tucson, Old Pueblo Community Services and Chicanos Por La Causa are building 61 energy-efficient, affordable homes in three “stalled” subdivisions in the target area – Corazon del Pueblo, one mile east of the Interstate 10/Craycroft Road interchange; Sunnyside Pointe, on South Park Avenue between East Irvington and East Drexel roads; and Liberty Corners, near South Liberty Avenue and West Iowa Street, respectively.
Primavera Foundation, Family Housing Resources, Southern Arizona Land Trust and PCCLT are buying and improving single-family homes and multi-family properties for sale or rent to low- to medium-income households. Primavera’s PNIP work is focused in South Tucson.
Contact PNIP at 295-2925 for more information.