From our Executive Director:
As we close out 2022, I am struck by our community’s perseverance through the challenges of this past year. Buying a home was not easy. From rising interest rates and construction costs, to lack of housing inventory and inflationary pressures on wages, this was a difficult period, especially for first-time homebuyers. These challenges only compounded the already existent racial disparities in homeownership created by centuries of discriminatory housing policy.
Through all this, there were still many successes which are important to celebrate. We feel especially honored to have supported 220 families in purchasing a home. Over two-thirds of these families represented BIPOC communities, and over three-quarters were from households with low-to-moderate income. Each of these families worked hard to achieve their dream and we are so proud of each and every one of them.
Another priority for us this past year was ensuring families did not lose the homes they cultivated. We learned from the great recession that providing assistance at this juncture is vital, and as such, we focused our efforts on creating and building out additional homeownership support services. In the end, we helped 97 families remain stably housed. Though laborious, supporting these families in keeping their homes is the foundation for homeownership success in our community.
Ultimately, this past year saw us both preparing homebuyers for when the market does shift and expanding our work to assist families in more creative ways. Within these struggles were many signs of hope, allowing our mission and core values to remain unchanged: helping families to buy, fix and keep their homes.