Loans would aid buyers of foreclosures
- Share via
As many as 1,000 California families could qualify for low-interest loans to purchase foreclosed homes, Gov. Arnold Schwarzenegger has announced.
The state-backed Community Stabilization Home Loan Program will make $200 million from bond sales available to first-time buyers in ZIP Codes with large numbers of foreclosures.
The program will “help stabilize neighborhoods that have homes sitting empty,” the governor said at a ceremony in Stockton. The city is one of the nation’s worst hit from the collapse of the subprime mortgage market.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
