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Greensboro More Than Doubles its Goal, Helps 212 Families Buy Homes

Post Date:08/26/2019 10:00 AM
The City of Greensboro’s campaign to turn renters into first-time homebuyers has more than doubled its original goal. As of August 2, the Neighborhood Development Department and Housing Consultants Group have helped 212 families purchase homes.

It started at the beginning of the year with a goal to convert 100 Greensboro renters to first-time homebuyers by December 31. That #100Homes campaign hit its mark about seven months early. Renamed #200Homes in June, the campaign then aimed at reaching 200 renters by the end of the year. And again, the goal number was hit early, at the beginning of August.

As of August 2, 212 homes have been purchased during the ongoing campaign. Of those, 62 percent were houses in east Greensboro. According to Sofia Crisp, executive director of Housing Consultants Group (HCG), the #Homes campaign has resulted in close to $26.4 million of real estate purchased in Greensboro.

#Homes involves Neighborhood Development and HCG, a Greensboro agency the City contracts with to provide housing counseling services under its Housing Connect GSO program umbrella. This includes the City’s successfully redesigned down payment and closing cost assistance program (DPA).

The campaign is continuing, says Stan Wilson, director of Neighborhood Development, adding that the combined efforts of his department, HCG, local real estate agents and lenders are proving to be a strong force in the positive results.

The concept of #Homes was the brain child of Crisp, who says the campaign evolved after working with tornado victims in east Greensboro who lost their houses. Many were spending about $800 a month for rent for substandard housing.

“We can and are helping them to do better,” Crisp says. “It’s a matter of changing behaviors and mindsets and creating opportunities. We want to help anyone own a home in Greensboro. The resources available are for everyone who is eligible.”