SJ Residents Get Help to Save Homes From Foreclosure
San Jose is getting another $25 million in federal stimulus money to help families weather the housing crunch. The money is to help people buy foreclosed homes as well as refurbish those homes in neighborhoods hit hard by the housing crisis.
Congresswoman Zoe Lofgren, on a tour of a foreclosed home in East San Jose that has been completely refurbished thanks to the Neighborhood Stabilization Program, says the transformation is amazing.
That federal program is now funneling an additional $25 million into San Jose to help residents buy foreclosed homes.
Loa De La Cruz and her daughter Salina were both on hand to encourage other families to take advantage of the program.
“It feels good to have somewhere you can sleep and be warm and be loved,” Salina said.
Assistant Director of Housing Jacky Morales-Ferrand says San Jose is one of the only cities in the Bay Area to receive funds from the Neighborhood Stabilization Program.