New homebuyers program debuts in Taylor
A new program in the City of Taylor will assist anyone interested in buying a home.
The Wayne County Home Consortium has partnered with National Faith HomeBuyers to present and manage the program, which will help families become homeowners and financially stable. County officials are administering the program on behalf of the Home Consortium, of which Taylor is a member.
National Faith HomeBuyers will kick off the initiative with an Information Session at 7 p.m. October 18 at the Heritage Park Petting Farm, 12803 Pardee Road. Program founder Dina Harris will answer questions and explain what National Faith HomeBuyers is all about. Subsequent sessions will be held November 1 and 15.
Under the guidelines of the program, the prospective homebuyers must complete a homebuyer educational program, as provided by the National Faith HomeBuyers. The program is set up to help homebuyers create wealth and take care of credit problems.
National Faith HomeBuyers has a track record of helping families become homeowners and financially stable.
Founder Harris designed the program to help people like herself: those who wanted to buy a home but needed help getting it. The program ran successfully in Ann Arbor, but outgrew its borders. In 2001, Harris took the model into the City of Detroit and Wayne County.
Since 2001, Faith Community has counseled more than 7,000 families, leading to more than 1,000 first-time home purchases. The nonprofit agency offers financial literacy, credit education, homeowner workshops, housing counseling, downpayment assistance, wealth building seminars and a variety of other programs and services.
Frederick Zorn Jr., executive director of the city’s Office of Economic and Development Services, said the Home Consortium consists of Taylor, Lincoln Park and Livonia. Taylor’s allocation of $235,280 will be used for homeowner assistance for acquiring housing cooperatives, condominiums and single-family homes.
The funds come from the following U.S. Department of Housing and Urban Development programs: Community Development Block Grant, HOME Investment Partnerships, American Dream Downpayment Initiative and Emergency Shelter Grant.
For more information on National Faith HomeBuyers, visit the Web site www.nationalfaith.org.