NFL Legends Team With BOH To Create New Playbook To Address Nation’s Affordable Housing Crisis
Bring It Home initiative rebuilds neighborhoods and teaches financial literacy The United Athletes Foundation (UAF), Builders of Hope and Consumer Education Services, Inc. (CESI) today announced an initiative, Bring It Home, that will revitalize blighted communities by developing quality, safe, affordable housing and teach financial literacy to the new homebuyers and renters moving into the renovated houses. The organizations will pilot this innovative program in Baltimore and Atlanta. “During these tough economic times, both affordable housing and neighborhood blight have emerged as...
Read MoreProfiles of Hope: Darla Brown
Darla Brown grew up in Raleigh, NC. She prided herself on independence, buying her first home in the historic district of Oakwood. When her dream job offer came from Motorola, she sold her Oakwood home, packed up and moved to Atlanta and began her new life as an account executive. Soon after Darla realized something was wrong. Darla’s health was in decline and she didn’t know why. Finally, she was diagnosed with Lyme disease and when she could no longer get off the couch or take care of herself, she had to face reality. She had to leave her job, sell her Atlanta house at a loss and at 39...
Read MoreBuilders Of Hope Launches National REO To Rental Program With Up To $100 Million For Property Acquisition And Rehabilitation
Builders of Hope’s “Upcycle” program is now acquiring foreclosed, vacant homes in major East Coast cities with plans to expand nationally in 2013. Builders of Hope today announced the launch of its Upcycle program designed to transform foreclosed, vacant properties into energy efficient, affordable rentals for working-class Americans. Through the program, Builders of Hope will acquire properties through partnerships with land banks, national lenders, mortgage servicers and government entities. The organization has secured up to $100 million for property acquisition and...
Read MoreNation Calls for New Approach to Affordable, Attainable Housing
Many Americans are currently living in a perfect storm where lower incomes, higher housing costs and the rising demand for affordable housing has them struggling to keep a roof over their heads. These factors have all contributed to the rising number of households that are housing-cost burdened. Builders of Hope CEO Nancy Welsh has released her recommendations to rebuild the struggling housing market. Her strategy includes rehabilitating the existing inventory of vacant and foreclosed houses to create healthy, green affordable homes. Her formula for housing success is chronicled in a new book...
Read MoreRecycle homes to fix America’s housing crisis
*This op-ed was originally featured in the Innovations section of the Washington Post. It’s no secret that the United States is in the midst of a housing crisis. Foreclosure notices were filed against a record-setting 2.9 million properties last year and 1.2 million in the first half of this year. Yet the price of many foreclosed homes remains unaffordable for a majority of Americans. Policymakers are desperately searching for a solution to the housing crisis. They fantasize about tearing down 3 million homes – roughly 60,000 homes per state – all in an effort to jump-start the...
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