PEOPLE INTO HOME OWNERSHIP. HERE IN LOUISVILLE’S ALGONQUIN NEIGHBORHOOD, WE MET ONE NEW HOMEOWNER WHO IS PROOF THESE PROGRAMS CAN HELP PEOPLE WHO NEVER THOUGHT THEY’D BE ABLE TO BUY THEIR OWN HOME. I WAS BROUGHT TO TEARS BECAUSE I REALIZED THAT I WAS SIGNING SOMETHING THAT WOULD THAT WOULD BE MINE FOREVER. THAT’S HOW 51 YEAR OLD KIMBERLY BURNS DESCRIBED THE FEELING OF PURCHASING HER FIRST HOME. SHE RECEIVED HELP FROM METRO LOUISVILLE $80,000 IN ALL. THERE’S PLENTY OF MONEY OUT HERE THAT NOBODY KNOWS ABOUT, AND THE RESOURCES ARE AVAILABLE FOR. FOR US TO USE TO BECOME FIRST TIME HOMEOWNERS. BURNS RECEIVED $30,000 FROM THE CITY’S DOWN PAYMENT ASSISTANCE PROGRAM AND 50,000 TO REMODEL THE HOUSE FROM REVERT, A CITY PROGRAM TO REVERSE THE EFFECTS OF HISTORICAL HOUSING DISCRIMINATION. AND REVERT IS AN ACRONYM AND IT STANDS FOR RESTORING EACH VIABLE ECONOMICALLY REDLINED TERRITORY. CITY LEADERS GATHERED AT HER HOME ON WEDNESDAY TO ENCOURAGE MORE PEOPLE TO TAKE ADVANTAGE OF THE PROGRAMS. AFTER COMPLETING YOUR APPLICATION, A CLIENT RELATIONSHIP MANAGER WOULD THEN REACH OUT TO YOU AND SIT DOWN AND TALK TO YOU ABOUT NEXT STEPS. WHETHER YOU NEED CREDIT, REPAIR YOUR HUD, HOW HOMEBUYER COUNSELING COURSE. BURNS ADMITS THE HOUSE HUNT WAS SO HARD SHE GAVE UP AT ONE POINT, BUT THE DEATH OF HER MOTHER SPURRED HER TO GET BACK IN THE GAME. DON’T GIVE UP, IS ALL I SAY. UM, KEEP PUSHING, KEEP STRIVING. IF YOU WANT SOMETHING THAT’S GOING TO BE YOURS. UM, AND SOMETHING TO LEAVE TO YOUR YOUR FAMILY, TO YOUR CHILDREN, YOUR GRANDCHILDREN. JUST KEEP GOING. IT’S TIMES LIKE THIS SITTING ON HER OWN FRONT PORCH THAT SHE SAYS SHE’S GLAD S
Advertisem*nt
City programs offer first-time homebuyers in Louisville up to $80K in help
Buying a home can be intimidating, so city leaders in Louisville detailed financial assistance available for first-time buyers to celebrate Homeownership Month.Kimberly Burns remembers the feeling after she signed the paperwork for her mortgage and became a homeowner for the first time."I was brought to tears because I realized that I was signing something that would be mine forever," she said.She had help – $80,000 from two Metro Louisville programs designed to correct historical housing discrimination and increase homeownership.On Wednesday, city leaders and administrators of those two programs came to her home in Louisville's Algonquin neighborhood.One program, the Louisville Metro Down Payment Assistance Program, offers low-to moderate-income buyers up to $30,000 to help secure a mortgage.Another called REVERT (Restoring Each Viable Economically Redlined Territory) offers Black homebuyers up to $50,000 to remodel homes.Burns' hunt was not easy, but the REVERT program allowed her to purchase a fixer-upper within her price range. "Don't give up is all I say," Burns said. "Keep pushing. Keep striving. If you want something that's going to be yours, something to leave to your family, your children, your grandchildren, just keep going."
LOUISVILLE, Ky. —
Buying a home can be intimidating, so city leaders in Louisville detailed financial assistance available for first-time buyers to celebrate Homeownership Month.
Kimberly Burns remembers the feeling after she signed the paperwork for her mortgage and became a homeowner for the first time.
Advertisem*nt
"I was brought to tears because I realized that I was signing something that would be mine forever," she said.
She had help – $80,000 from two Metro Louisville programs designed to correct historical housing discrimination and increase homeownership.
On Wednesday, city leaders and administrators of those two programs came to her home in Louisville's Algonquin neighborhood.
One program, the Louisville Metro Down Payment Assistance Program, offers low-to moderate-income buyers up to $30,000 to help secure a mortgage.
Another called REVERT (Restoring Each Viable Economically Redlined Territory) offers Black homebuyers up to $50,000 to remodel homes.
Burns' hunt was not easy, but the REVERT program allowed her to purchase a fixer-upper within her price range.
"Don't give up is all I say," Burns said. "Keep pushing. Keep striving. If you want something that's going to be yours, something to leave to your family, your children, your grandchildren, just keep going."
