The First American Corp., a financial and real estate services company based in Santa Ana, Calif., and the Greenlining Institute, a San Francisco coalition of consumer, church, civil rights, and business groups, have joined forces to extend homeownership opportunities to minorities and low- and moderate-income families. The five-year project will feature discount closing-cost programs and alternative credit evaluations. For example, lenders will look at rental and bill payment histories as opposed to making strict financial determinations.

Learn more about markets featured in this article: Los Angeles, CA.