Gil Cedillo Sponsors Housing Rescue and Homeownership Fair Saturday

Last year, hundreds attended a "Home Rescue Fair,"  organized by Assemblymember Gil Cedillo.

Staged at Goodwill Industries in Glassell Park, it aimed to give extra leverage and access to people losing their homes.

Cedillo has consistently showed a commitment to helping constituents with housing issues.

And, on Saturday, Cedillo's 45th District office is spearheading another event.

Reflecting our changing economy, it is a "Northeast LA Home Expo and Housing Rescue Fair." 

It will take place Highland Park at Luther Burbank Middle School at 6460 N. Figueroa St. froom 10 a.m. to 2 p.m.

You must pre-register for the event at 323-225-4545.

California is still in the top five states nationally for home foreclosure rate, with one in every 379 houses filing, according to real-estate data firm RealtyTrac.

The event will again focus on both issues facing people who may still be in the process losing their homes.

But it will also focus on the opportunities for first-time homeownership that the market is creating for others.

As part of the latter, Cedillo will announce that there is now $1.5 million in state funds in downpayment assistance for eligible households for first-time homebuyers.

Montebello Housing Development Corporation and El Centro Del Pueblo are again taking the lead in organizing the event.

Other collaborators include Mayor Antonio Villaraigosa, Congressman Xavier Becerra, State Senator Kevin De León, Jose Huizar of Council District 14, Eric Garcetti of Council District 13 LAUSD Board Member Bennett Kayser and the California Housing Recovery Initiative