Moving from Assistance to Self-Reliance
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It’s so much easier to start something than to finish.
For 14 families
living in Jacksonville Housing Authority assisted housing, that’s not the case.
Each of these 14 families completed an intensive education and counseling program
designed to help them become homeowners. Each family worked on their budget,
their spending patterns and their credit reports. They spent numerous hours
learning every aspect of the home purchase process and how to budget and
prepare for homeownership.
“We are thrilled with the success of these families,”
states Dawn Lockhart, President of Family Foundations.
“ This preparation work is significant because 97% of families who
complete this type of homeownership preparation never become a foreclosure statistic.”
Homeownership creates self-reliant individuals, helping stabilize neighborhoods. According
to the Federal Deposit Insurance Corporation, a parent’s homeownership has a positive effect
on their children’s success later in life, helping them achieve higher levels of education
and making them less likely to be high school dropouts or give birth out of wedlock.
The road from dependency to a life of self-reliance can be a bumpy journey, but these
families are showing our community that it can be done.
“I am so proud of every one of these families,” says Ronnie Ferguson, President of the
Jacksonville Housing Authority.“ When one of our families can move directly from taxpayer
assisted housing to becoming taxpayers themselves, it is truly a wonderful day.”
Family Foundations, a United Way nonprofit counseling and education agency operating for over
50 years in Jacksonville, has helped hundreds of families learn to become homeowners.
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Copyright 2009 Family Foundations of Northeast Florida, Inc. |
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