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Affordable housing for the lower working class
Imagine a program where we could completely rejuvenate our cities & towns which would cost very little to begin the program but make practical housing ownership available to all people who work full time.
Where our government tries to reward laziness and irresponsibility, this program would reward good ethics, responsibility & accountability.
The gist would be taking abandoned homes, vacant lots, home’s delinquent on taxes; then refurbishing, remodeling or building new construction.
The requirements world be no violent criminal convictions, no convictions where a crime was perpetrated against a fellow citizen, minimum 3 year work history. The mortgage would be fashioned with their current income and would change as their income changes.
They must not have ever had a mortgage before.
The price of the home would be fair market value, plus 10%.
In this way, while the goal is not to make a profit, the repayment with a little extra allows for expansion of buying even more homes making it possible for even more people to become home owners.
Resources would also be provided to teach budgeting, money management and escrows.
The ultimate is success.
When you give someone hope of a better future, you don’t just change their lives but you begin to transform communities.
Please PM if interested in helping to get a program like this off the ground.
Two areas I’d like to do a pilot run is Birmingham and surrounding towns and Chattanooga as both have a ton of homes that this could definitely work for.
Let’s stop being frustrated waiting for government to do for people. This is our country. Let’s join together to make a difference.
Peace
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