Assistance program aims to increase home ownership - WAFF-TV: News, Weather and Sports for Huntsville, AL

Assistance program aims to increase home ownership

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Homes in Terry Heights range from $65-72,000. Homes in Terry Heights range from $65-72,000.

The dream of owning a home is more obtainable now for Huntsville residents, thanks to a collaborative effort between the City of Huntsville Community Development and Family Services Center.

They are providing affordable home ownership opportunities such as those in the Terry Heights community to qualified individuals through the Down Payment Assistance Program, or DAP.

The goal of DAP is to increase the home ownership rate among low to moderate-income families and first-time home buyers. The city works closely with local real estate agents and preferred lenders to identify qualified candidates for the program.

"It serves to stabilize families. Children tend to go to the same school district. The neighborhood can expect to have individuals who are invested in and take pride in the community," said Lauretta Moore with the Family Services Center.

The program has been met with approval by some of its participants.

"So far me and my family really enjoy being in the home compared to the apartment we were in. I am able to save money in the cost of the home. It's energy-efficient. I really enjoy and love this home," said homeowner Tawanna Hester.

To qualify, a family must be working, meet the financial requirements, and be American citizens. In addition to providing down payment assistance, the program also offers home buyers financial planning to maintain a budget for the home and for credit-building.

So far, 12 homes have been built and sold in the Terry Heights area, and more are under construction. The homes range in price anywhere between $65,000 and $72,000.

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