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NMCAA Works with Local Partners to Solve Housing Dilemma

by Whitney Hierholzer
Friday, September 6, 2019
New Homeowner Patty in her Home Stretch Home!
New Homeowner Patty in her Home Stretch Home!

NMCAA Works with Local Partners to Solve Housing Dilemma

Congratulations Patty on your new home!
Congratulations Patty on your new home!

It is no secret that our beautiful Traverse City Region is suffering from a serious shortage of affordable, adequate housing for low-to-moderate income individuals and families. 

Northwest Michigan Community Action Agency’s (NMCAA) Homeownership Center, a NeighborWorks chartered member, is continually working to coordinate resources and programs with Michigan State Housing Development Authority’s (MSHDA) Key to Own Program and Homestretch Nonprofit Housing Corporation. Together with these organizations, NMCAA is able to assist individuals to work toward homeownership and plant their feet firmly in a little piece of America they can now call home.

 One such individual is Patty Colegrove, who lives on Supplemental Security Income and below the poverty level. Patty was recently able to purchase a newly renovated, affordable condominium in Traverse City from Homestretch. The Key to Own Program enabled Patty to convert her MSHDA rental voucher to a homeownership voucher that assists in the purchase of a home by paying a portion of the mortgage payment. NMCAA, a US Department of Housing and Urban Development (HUD) approved Housing Counseling agency, works with Key to Own recipients to provide Homebuyer Education and Financial Fitness classes. Participants also work individually with an NMCAA Housing Coach to prepare a budget and address any credit issues impeding their ability to qualify for a mortgage. Homestretch constructs attractive, high quality, energy efficient affordable homes and condominiums for families and individuals with loans from project partners and grants through MSHDA locally in Traverse City. Patty was fortunate enough to purchase her condominium from Homestretch at just the right time! 

To learn how to become a happy homeowner like Patty, call NMCAA at (231)-947-3780 or find out more here.