Latino Leadership is committed to assisting low, moderate, and middle income homebuyers by offering safe, habitable, and efficient homes at affordable prices. We assist families and individuals achieve their dream of purchasing a home. Through our Housing Rehabilitation Program, Latino Leadership has begun to transform foreclosed, blighted vacant properties into energy efficient, affordable housing for working-class families and veterans.
This rehabilitation allows Latino Leadership to help Floridians purchase homes, while helping to revitalize neighborhoods that have been negatively impacted by foreclosed and abandoned properties. Latino Leadership is currently acquiring REO properties from national banking institutions, in partnership with Hogar Hispano, Inc. a subsidiary of the National Council of La Raza and the Raza Development Fund, and as a member of the National Community Stabilization Trust . After rehab, previously foreclosed homes are brought back into the market, which helps restore neighborhood security and improve further decline in neighborhood home prices, even in some of the hardest-hit regions across the state.
This program helps potential homeowners with good credit, as well as those with imperfect credit, acquire a new home. Conventional or FHA financing can be used in the purchase, but those families who do not meet topical underwriting could still be offered access to alternative financing products. The program not only provides access to alternative financing, but also is seller-financed; potential buyers with stable income and a stable payment history established using alternative underwriting methods (e.g., utilities, car loans, lease payments, and other installment payments) could be eligible for homeownership.
All homebuyers will have the opportunity to work directly with Latino Leadership’s housing counseling agency to help ensure greater probability of sustained homeowners and minimize default delinquency rates.
To learn more about the program, send Latino Leadership an email to firstname.lastname@example.org or call 407-895-0801.