Housing Economic Recovery Ownership (HERO) Program

Commencing March 2009, The Los Angeles County Community Development Commission (CDC) will provide assistance to first-time homebuyers through the implementation of its Housing Economic Recovery Ownership (HERO) program. The program will help homebuyers purchase abandoned and foreclosed homes in eligible locations located within HERO Census Tracts.

To participate, you must obtain a HERO brochure and review the program highlights and requirements. You can call and request a brochure at (323) 890-7281 or visit www.lacdc.org. Only foreclosed and abandoned properties in designated census tracts are eligible to be purchased through the program. After you review the program highlights, you must contact one of the approved participating lenders to be pre-qualified. You must inform the lender that you want to use the L.A. County HERO Program for assistance. Approved lenders are listed in the brochure. Funds will be available March 17, 2009, on a first-come, first-serve basis. The program is administered by the L.A. County Community Development Commission which can be reached at (323) 890-7281.