Southside Neighborhood Stabilization OUTCOMES
  • Home
  • About Us
  • CA SB 1079 Buyers
  • SB 1079 Results
  • SB 1079 Results, cont
  • SB 1079 Results, cont
  • Contact Us
Southside Neighborhood Stabilization OUTCOMES
  • Home
  • About Us
  • CA SB 1079 Buyers
  • SB 1079 Results
  • SB 1079 Results, cont
  • SB 1079 Results, cont
  • Contact Us
Southside Neighborhood Stabilization Outcomes

SB 1079 BUYERS

SB 1079 was put in place to promote home ownership and affordable housing and rental. As a result, buyers of our properties acquired through CA's SB 1079 must fall into one of the following categories listed below.

buyer profiles

OWNER OCCUPANT

OWNER OCCUPANT

OWNER OCCUPANT

   Buyer must sign and have notarized an affidavit affirming their intent to occupy the property immediately upon vacancy. The buyer cannot be a corporation, partnership or limited partnership.

INVESTOR

OWNER OCCUPANT

OWNER OCCUPANT

Investor must sign and have notarized an affidavit confirming their intent to rehab and retail the property to an owner occupant. Investors who purchase for rentals are not allowed to purchase our properties.

non-profit

OWNER OCCUPANT

non-profit

The nonprofit must present their 501c3 certification and sign and have notarized an affidavit confirming their intent to rehab and retail the property to an owner occupant or provide affordable rentals.

extenuating circumstances

In some instances, such as burn out, burn down, extreme property damage that makes the property inhabitable, environmental issues, crime issues, etc., Southside may sell to an investor without an affidavit.

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