A program, in partnership with the City of Richmond, that eliminates housing blight by reclaiming abandoned properties and creating clean, safe, advanced-energy, rehabilitated homes offered to Bay Area first-time homeowners.
The program creates clean, safe, Advanced Electric homes for first-time homebuyers, specifically those who qualify through SparkPoint Contra Costa. This program is revolutionary because it is funded through the nation’s first true Social Impact Bond, which provides private capital investment for public good. Since its inception, the program has acquired 26 properties and completed and sold them to first-time homebuyers.