Enterprise Home Ownership Program

Nearly 2,000 homes in blighted areas of Los Angeles are expected to be refurbished and sold at a discount to low-income, first-time buyers under a $100-million program launched Tuesday by a coalition of governments and businesses. The Enterprise Home Ownership Program will target blighted areas to rehabilitate and resell homes, with the buyers' interest payments deferred for 30 years or until the homes are resold. Rep.

Nearly 2,000 homes in blighted areas of Los Angeles are expected to be refurbished and sold at a discount to low-income, first-time buyers under a $100-million program launched Tuesday by a coalition of governments and businesses. The Enterprise Home Ownership Program will target blighted areas to rehabilitate and resell homes, with the buyers' interest payments deferred for 30 years or until the homes are resold. Rep.

As many as 50 dilapidated, foreclosed homes in Pacoima and Canoga Park will be renovated and resold at discounted prices to first-time buyers and low-income families as part of a program jointly funded by government and business. The $100-million Enterprise Home Ownership Program will buy, rehabilitate and resell the homes beginning in June, offering to defer buyers' interest payments for 30 years or until the homes are resold.

THEY extinguish fires, teach children, tend the ill and run small businesses in urban areas. What they cannot do is find homes they can afford near those jobs. But faster than anyone imagined, relief is coming to Inglewood, Oxnard, Pomona, Covina, South Park, Palm Springs and other Southern California communities where middle-class workers are starved for housing.