- Mutual Self-Help Homeownership
This is a unique opportunity for lower income first-time homebuyers to own a home. Owner-builders work on the homes under Burbank's supervision and their "sweat equity" serves as the down payment.
Burbank develops and constructs new housing and offers affordable homeownership opportunities to eligible, lower income, first-time homebuyers.
Homes developed by Burbank are usually resold through its resale program to new lower-income buyers. A shared equity formula provides a new subsidy for subsequent buyers.
- Family housing developed by Burbank and available to all low-income people is intended to meet a range of incomes from 30% to 60% of area median income.
- Acquisition and rehabilitation of housing preserves existing affordability which could be lost, creates supportive housing for tenants with special needs, and rehabilitates blighted housing.
- Special needs housing with supportive services is available to people with disabilities and to other groups, such as seniors and farm workers.
- Community Services
Coordinators enlist agencies and organizations to provide services that introduce opportunity and tools to help individuals realize their potential, gain access, contribute, and actively participate in the greater community.