Following their dreams of homeownership, first-time homebuyers turned to LEDC for education and financial training to make a smart long-term investment for their families.
Coupling homebuyer education with training on sound financial management, LEDC helped 62 families purchase their first home, a 72 percent increase over the previous year. As the primary means by which low- to moderate-income families build wealth, homeownership gave a renewed sense of purpose and accomplishment to many families paying too much rent for too little space.
For homeowners fighting foreclosure, LEDC helped clients identify long-term housing solutions amid a flurry of misinformation. As mortgage scams continued and media attention on foreclosures declined, housing counselors intensified efforts to secure principal reductions on behalf of underwater borrowers. Leveraging relationships with loan officers and expertise of the loan modification process, our counselors helped homeowners rescue their dream of homeownership.
“I felt that I had grown so much that it was time for me to move,” said first-time homeowner Rolanda Wray. “Investments are always good for your future.”