City of Indio Unveils Rehabbed Home
Photo: Video by kmir6.com
The city of Indio is fixing up neighborhoods by purchasing and rehabbing foreclosed homes, then selling them to first-time homebuyers.
It's part of the Neighborhood Stabilization Program.
The city of Indio and Rancho Housing Alliance showed off a newly rehabilitated home, and welcomed a new homeowner to the neighborhood.
The home was once a blighted part of the neighborhood, but now it's all fixed up and ready for a new resident.
"I'm feeling ecstatic, overwhelmed."
First time-homebuyer Neftaly Pacheco is excited because this is the first look inside her new home.
"This is actually the first time that I've toured the house myself, prior to that I had just been sneaking around looking through the windows, putting my head above the gate, looking at it, so this is the first time that I've seen it inside, and it is amazing," said Pacheco.
Since 2009, the city of Indio has spent 12 million dollars with federal funds to acquire and rehab foreclosed homes.
"Stabilizes the community, it brings beauty to the community, it increases property values, and what's really important is it encourages families and a lot of hope and direction in our community," said Indio Mayor Elaine Holmes.
This home is all fixed up now, but before it had several illegal additions to the house and garage.
"Technically the house was three bedroom, one bathroom, now it's a four bedroom two bathroom so we legalized the section that was there illegally," said Temple Construction supervisor, Mario Yanez.
The Neighborhood Stabilization Program will benefit 130 families in Indio.
"I think it's a great program because it helps out the community, raises the value of the homes around it," said Yanez.
And after a long process to buy this house, Neftaly now has the keys to her new home.
"As soon as they say it's okay I'm going to bring all my stuff and move right in," said Pacheco.
Since 2009, the city of Indio has purchased 53 previously foreclosed homes; 25 have been resold to first-time homebuyers while 13 are in escrow.