In partnership with the Pattee Foundation, Jamieson Community Center has launched their next project, purchasing older vacant homes in the City of Monmouth, renovating them, and make them affordable for first time homebuyers. Executive Director Nancy Mowen explains the process how low-to-moderate income families can be eligible to purchase a renovated home:
“In February we will be announcing two workshops. If people want to be eligible to purchase one of those homes, they are going to have to attend a workshop, that is going to be a requirement. The workshop will be run by a credit counceling agency and we will have all the requirements for the program. We will also require personal one-on-one credit counseling and mortgage counceling for anyone who would like the opportunity to purchase,” says Mowen.
“These will be for low-to-moderate income families. We will have some income guidelines. We will have those all posted on our website, so that people know whether or not they qualify. Then they have to go to a bank and get pre-qualified for a home loan. Then those names will be put into a drawing and we will see who ends up with our first house. We are anticipating the first one to be done mid-spring. We have a total of three homes that we are working on in different neighborhoods throughout the community. This will be an ongoing project,” Mowen adds.
Mowen informs local contractors are being hired to complete the renovations throughout this ongoing project.
