10 Things Your Faith Community Can Do To Encourage Homeownership
6. Hold an Open House for Homeownership
Many families, young and old, do not understand a mortgage and
the home-buying process, and sometimes fear the financial obligation
homeownership requires. This can prevent potential homeowners from
even considering this important life-decision. Faith communities
can break down these barriers by holding an "open house," inviting
non-profit organizations and other housing industry leaders to meet
your congregants and other families in your community. Bringing
together mortgage lenders, real estate agents, credit counselors
and even home improvement contractors under one roof and in a familiar
environment can make the prospect of homeownership an attractive
- Faith leaders are key facilitators in their communities. Providing
a venue for an Open House on homeownership can bridge gaps in
understanding and provides key opportunities for developing
relationships between housing industry professionals, potential
homebuyers and your organization.
- The process of finding a suitable home takes time, energy,
and a clear understanding of the homebuyer's needs. Work with
local Realtors and homebuyer training programs to help potential
owners understand how to analyze their needs and identify the
types of home features-location, size, potential maintenance
demands and, of course cost-that will best serve their needs.
- Develop relationships with Realtors or Realtor organizations
that are willing to collaborate with your faith organization.
Your organization can help develop a process to match the right
Realtor with people who are ready to start the acquisition process.
Go to http://www.realtor.org and http://www.realtor.com for Realtor resources in your area. The American Bankers Association's
Center for Community Development web site at http://www.aba.com can help you connect with local large and small bankers to explore