Over the past 15 years, NEW has acquired and renovated over 100 single-family homes throughout the City of Los Angeles to create meaningful and accessible homeownership opportunities for low- to moderate-income homebuyers.
NEW has concentrated this work in South Central Los Angeles, and throughout the entire San Fernando Valley, including Sylmar, Van Nuys, Pacoima, Arleta, Mission Hills, Northridge, and other areas of high foreclosure rates and disinvestment in need of our concentrated efforts.
We want to see each of our homebuyer families thrive and fulfill the mission of our NEW CASA program for years to come as they:
Create Assets, Sustainability, and Abundance
for their own families through this home purchase and its maintenance.
We have most recently acquired, rehabilitated, and sold to homebuyers completely 72 rehabilitated single-family homes to buyers who have gone through our NEW CASA loan program. We continue to work with our home purchasers to ensure that the homes remain owner-occupied throughout the lifetime of our secondary financing on these homes, and to provide post-purchase counseling and foreclosure prevention to our homeowners.
