NHSOCNeighborhood Housing Services of Orange County (California)
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In Orange County, California, the lead manager of the NSP funds is Neighborhood Housing Services of Orange County (NHSOC).
Orange County has been identified as one of the hardest-hit areas in the country in terms of foreclosure, according to NHSOC. RealtyTrac reports that more than 2,760 homes in the county were foreclosed in September 2011, including many in some of the county's upscale neighborhoods.
NHSOC reports that the dramatic rise in foreclosures over the past four years has also led to a substantial decline in homeownership rates and has further undercut neighborhood stabilization trends in the county.