Vacant Properties Program (VPP)

[ Parent  ] [ VPP Available Funding ]

This new program is modeled after the successful Boarded and Vacant program. The VPP is designed to return vacant and blighted homes to owner occupancy by partnering with local builders and non-profits in targeted areas of the City. The program provides a developer incentive fee to be paid after homes are rehabilitated and sold to owner-occupants. 

 The VPP will require that the builder/non-profit purchase a foreclosed property in the Target Areas and submit their qualifications and scope of work for the rehabilitation. Following approval of their qualifications and based upon an agreed scope of work, including the SHRA Existing Homes Checklist, the builder can then access a rehabilitation loan. The loan is disbursed upon verification of the work performed with a 10 percent retention remaining until such time all work has been completed.  The developer fee will be disbursed at the close of escrow when an eligible homebuyer has purchased the property. 

VPP Fact Sheet

Map of the VPP eligible areas

VPP Preferred Builder Handbook (REV.11.6.09)

VPP Construction Standards (REV.5.1.09)

VPP Preferred Builder Application

Return applications to:

Vacant Properties Program
Sacramento Housing and Redevelopment Agency
630 I Street, 2nd Floor
Sacramento, CA 95814

VPP Income Limits

FAQs (REV. 7/17/09)

Available funding for properties

Job Opportunities

If you are interested in job opportunities that may be available for projects created by these recovery fund programs, click here.

If you are interested in bidding and contracting opportunities that may be available for projects created by these recovery fund programs, click here.

Questions about the VPP may be directed to (916) 440-1318 or email SacramentoNSP@shra.org.

Pilot Pre-Foreclosure Initiative

SHRA will use set aside funds within the VPP to establish a pilot initiative in both the City and County to partner with a private equity investment firm to purchase and modify distressed mortgages in the Target Areas. The pilot initiative funds will be used exclusively for properties within the portfolio that are in foreclosure.  Funds will be highly leveraged and add a foreclosure prevention component to NSP activities.  Some distressed mortgages purchased by the private equity investor will not be successfully refinanced. Therefore, VPP funds will be available for those properties that must be foreclosed to expedite their rehabilitation and occupancy.  With this initiative, the Vacant Property Program will address current foreclosed properties as well as reduce the number of properties potentially facing foreclosure.