Flip That House Eastlake Style

Chula Vista will be using federal funds to flip foreclosed homes through a program aimed at revitalizing neighborhoods and providing first-time homebuyers with affordable housing.

More than 14 foreclosed homes are being resold with $1.4 million of Neighborhood Stabilization Program funds and HOME Investment Partnership Program money.

“The goal is to create a ripple effect and have an impact on that neighborhood as well as help the individual homeowner,” said Chula Vista Housing Manager Mandy Mills.

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Posted by Eastlaketimes on Nov 19 2010. Filed under Business News in Chula Vista, Community of Eastlake, Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry