Affordable Housing

Poverty Solutions is a non-profit lender and community developer dedicated to building stronger neighborhoods.  The organization has always utilized a grassroots approach to delivering comprehensive products and services. Our organization has expertise in both the single-family (homeownership) and the multi-family (rental) affordable housing business throughout its tenure. Since 2008, Poverty Solutions has utilized its limited resources to serve communities and families on affordable housing across Southern California.  Poverty Solutions provides a full-cycle approach to successful homeownership, low-income housing, and community building to get families into homes and keep them there.  We target families who have the dream of owning a home and help them make it a reality. We form meaningful, working partnerships with local businesses, government, and residents to provide and maintain homeownership in our neighborhoods.  Poverty Solutions utilizes a platform of several business lines that include financial education, affordable loan financing, a mission-driven real estate brokerage, construction management services and real estate development to achieve its objectives.

 

Financial Education

Poverty Solutions, Inc. provides comprehensive financial education from budgeting and savings, debt management counseling, homebuyer workshops, and foreclosure prevention counseling.  The purpose of the Financial Education program is to increase our client’s financial literacy. Poverty Solutions has an experienced team of counselors working with clients to provide fiscal responsibility.  Poverty Solutions works in partnership with local HUD-certified housing counseling agency, whose counselors update their skills on a consistent basis attending training workshops facilitated by the California Department of Real Estate, California Mortgage Bankers Association, California Association of Realtors and others as required. Through its affiliate, American Realty Corporation, Poverty Solutions also maintains a Mission-Driven Real Estate Brokerage firm that is focused on finding affordable properties for potential homebuyers, reselling properties for its clients, and assisting families to sustain homeownership thereby helping to stabilize neighborhoods.  Residents who own their own home are much more vested in their community than those who rent.  This corporation also maintains a construction service team that provides technical support and oversight on all types of construction sites.

 

Affordable Mortgage Lending Services

Through the Revolving Loan Lending Services, Poverty Solutions is able to facilitate/offer affordable loans and provides opportunities for potential homebuyers to receive down payment and closing cost assistance, while meeting flexible qualification requirements. For existing homeowners, the organization provides refinancing services, home improvement loans, some of which have deferred payments, and other affordable loans that are based upon the borrower’s ability to repay.  Poverty Solutions works closely with local government, financial institutions, insurance companies, individual investors, foundations and others, to provide the affordable, flexible financial products and services that are needed to acquire and preserve homes.  Poverty Solutions’ Revolving Loan Fund finances products align with the organization’s mission of providing new and existing homeownership opportunities to those who need additional support and flexibility throughout the mortgage process, along with other financial services. We leverage our partnerships with local lenders to create more affordable mortgages, including reduced down payments and rehabilitation loans.  Further, Poverty Solutions actively sells affordable mortgages on the secondary market as a means of encouraging lenders to invest in more loans in our targeted neighborhoods. Loans are made at one to three percent below prevailing market interest rates.

 

 

 

RESIDENTIAL SUPPORT

TEMPORARY HOUSING

EMERGENCY SHELTER GUIDANCE

 

PERMANENT HOUSING ASSISTANCE

AFFORDABLE HOUSING

AFFORDABLE LENDING

FORECLOSURE PREVENTION

PUBLIC HOUSING ASSISTANCE

LOCAL AND GOVERNMENT HOUSING SERVICES:  HOUSING AUTHORITY, SECTION 8, ETC.

 

 

REAL ESTATE

P-Solutions maintains a Mission-Driven Real Estate Brokerage firm that is focused on finding affordable properties for potential homebuyers, reselling properties for its clients, and assisting families to sustain homeownership thereby helping to stabilize neighborhoods.  We believe that residents who own their own home are much more vested in their community than those who rent.  This corporation also maintains a construction service team that provides technical support and oversight on all types of construction sites. Our real estate team has more than 20 years of experience in the industry and is committed to helping families achieve the dream of homeownership.  We are ready to provide prospective and existing homeowners of all qualifications with advice on property and homeownership goals.  Services include:

  • Real estate purchases
  • Real estate brokering and client representation
  • Acquisition, rehab and resale of property
  • Lease-to-Purchase
  • REO Property Management
  • Commercial Development
  • Property Listing Services
  • Short sale and relocation assistance

 

CONSTRUCTION SERVICES: Our team, led by a California Licensed General Contract, provides a variety of services that enable P-Solutions to conduct new developments, acquire rehab and manage REOs, and to assist low-income clients with construction management services such as:

  • Property inspections and home repairs
  • Project Management; Bidding and process management
  • Ongoing construction project monitoring.
  • Condominium conversions to create apartment units
  • Rehabilitation of abandoned, foreclosed or distressed properties for resale
  • Inspections and referrals for lead abatement and control, asbestos removal and toxic mold remediation