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Showing posts from May, 2012

Making Homeownership a Realty

By Max Resnik
Gallery Click to enlarge 5 photos May 21, 2012Updated May 21, 2012 at 6:33 PM EDTFORT WAYNE, Ind. (Indiana’s NewsCenter) – Community Action of Northeast Indiana, community leaders and Fort Wayne residents cut the ribbon on a new housing development created to provide lease-to-own opportunities for lower income families.
Located off Reservation Drive in Waynedale, Hopewell Pointe officially opened its doors for the Fort Wayne community to see. Hopewell Pointe is comprised of 35 lease-to-own homes, most of which are three bedroom and four bedroom properties. Families occupying these homes sign year-to-year leases and are given the option to purchase the home after 15 years.
Digital Daily – subscribe to our daily newsletter Melinda Bruner is one of the new residents at Hopewell Pointe. She says she began her journey to the new development back in December when she camped out for an entire weekend for the opportunity to be on the list for Hopewell. Bruner …

Nicaragua Set to Launch Rent-to-Own Housing Program

Monday May 21, 2012 - Insider Costa Rica
The Inter-American Development Bank (IDB) approved a $10 million loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgagefinancing.

The program is expected to extend mortgage loans to an estimated 500 low-income Nicaraguan families.

The project, the first of its kind financed by the IDB in the region, seeks to address one of the biggest obstacles facing millions of low-income Latin American families that today struggle to improve their housing conditions: lack of access to financing because they can’t document their income. Clients in the program will rent the selected property for a 24-month period in which a portion of the monthly rental fee will be kept in a savings account that will later constitute the down payment on the home.

The completion of timely monthly rental payment…