Rain Can't Dampen Her Dream
Had it not been for all the muddy shoes, Barbara Fox would have invited everyone inside her new home for a tour. In her rain-soaked backyard, she thanked the government officials and bank executives who helped make her dream possible. "I never would have imagined it was possible to own a home of my own," said Fox. "I am thrilled to be a part of this neighborhood. This is a dream come true for me."
After injuring her back seven years ago while working as a paramedic, the disabled Claremore resident became a fixed-income Section 8 renter through HUD. Now she is among the first Oklahomans to participate in Section 8 homewnership, a program that enables eligible families to apply their HUD rental assistance toward the purchase of a home. Since the Oklahoma Housing Finance Agency (OHFA) began accepting applicants for the Section 8 Homeownership initiative in July 2002, seven participants have closed on their loans and are now homeowners.
U.S. Representative Brad Carson was the keynote speaker at a press
conference welcoming Ms. Fox to her new home. "A home is an asset
that can generate private wealth," he said. The congressman also
noted that research shows homeownership is closely linked to economically
stable neighborhoods and low crime rates. "This is a milestone for
Claremore, my hometown," said Rep. Carson. "Section 8 helps provide
safe and affordable housing for families, but ultimately our goal
is to promote the self-sufficiency and stability that homeownership
can provide. I commend HUD, OHFA, Bank One, Fannie Mae and CCCS
for joining forces to break the cycle of poverty and move the American
dream within reach of more low-income Oklahomans."
|Content Archived: July 21, 2011|