Start Out Fresh
Frances Acosta, TDHCA, 10/17/2011
Ms. Nealy was a renter for over twenty years. Occasionally, the thought of buying a home crossed her mind. However, she convinced herself she would never be able to afford one. “Buying a house costs a lot of money and I never thought I had enough to buy one,” she remembers. “Plus, it looked like it would take too much time.”
Eventually, Ms. Nealy became financially secure enough to buy a house. With the help of a realtor, she eagerly began looking for her dream home. However, months of intense searching yielded no new home. Ms. Nealy was becoming discouraged. Her early assessment of how much time it would take was coming true. Just as she was about to give up, Ms. Nealy discovered the Homeownership Program offered by the Temple Housing Authority (THA) and funded by TDHCA’s HOME Investment Partnership’s Homebuyer Assistance Program. THA worked closely with Ms. Nealy and she closed on her new home on March 2010.
When asked about her new home, Ms. Nealy could not say enough good things about the experience: “While it did take too much time, I now have peace of mind,” she said. “It is good to start out fresh.” Ms. Nealy also learned a lot about financing and gained a new appreciation for budgeting. “It is a good thing! I now know where all my money goes.” She also has a piece of advice she would like to pass on to future homeowners, “Attend a homeownership class! It will open your eyes to the whole process.”
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HOME Homebuyer Assistance Program