Habitat for Humanity East Bay

Neighborhood Stabilization Program

East Bay communities have been decimated by the foreclosure crisis, and in some neighborhoods entire blocks have been left vacant.

In the fourth quarter of 2009 alone, more than 3,700 families lost their homes due to foreclosure. This amounts to more than 49% of all homes foreclosed upon in the entire Bay Area, and more than 21 times the amount of homes that were foreclosed upon in San Francisco.* The problem is enormous.  Our neighbors and our communities are in crisis. 

Habitat Offers Solutions

In this foreclosure crisis Habitat East Bay’s mission to revitalize neighborhoods through homeownership opportunities is now more relevant than ever. It is clear that the strategies to achieve our mission must expand to address this historic crisis.

That is why Habitat East Bay is launching a new foreclosure rehab program and asking you to contribute to our new Neighborhood Stabilization Fund. We will use your donation to rebuild struggling neighborhoods by purchasing and rehabilitating existing foreclosed properties. These refurbished homes will then be sold to low-income families at affordable rates, just like all Habitat homes.

Habitat East Bay will target communities that have been hit hardest by the mortgage crisis. Contra Costa County has already selected Habitat East Bay as a development partner in Bay Point. We have also been awarded $1.5 million as the sole developer working with the City of Hayward's Neighborhood Stabilization Program. These government funds will cover the cost of property acquisition in these regions.

Over the course of the next two years we plan to rehabilitate 8-10 homes in the Bay Point area, and 8-12 homes in the City of Hayward, then sell these homes to qualified low-income partner families.

*Based on DataQuick Information Systems Report
(http://www.dqnews.com/Articles/2009/News/California/CA-Foreclosures/RRFor090422.aspx)