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Home ownership has proven to be one of the most reliable means of self-sufficiency for American families. The Urban League’s innovative program model creates a unique opportunity for low-income families to acquire substantial home equity.
The Urban League’s award-winning Single Family Home Ownership Program helps larger, low-income families work toward economic self-sufficiency through home ownership. This innovative program provides single-family housing with affordable rents and an option to purchase at the end of the program. Houses are purchased in various Madison neighborhoods, improved, and leased to qualifying families at less than market value. Participating families receive training and counseling. At the end of the program families may purchase the house at an affordable price with no down payment. All appreciation in value and mortgage reduction benefits are passed directly to the participating family.
The Urban League is excited to offer this wonderful 3 bedroom/1 bathroom home on Madison’s North Side (4305 School Rd). Freshly painted with brand new carpeting/flooring throughout, this home would be perfect for a family! Enjoy living in a quiet neighborhood close to shopping, bus lines and schools. This home has a new furnace, air conditioner, roof, water heater, water softener and stove. A very spacious backyard and one car garage add to the value of this home. This lovely home is move in ready! Home is listed at $160,000, but a 20% gift of equity to an income-qualified buyer means your financed amount would be around $130,000. Please contact Vickie Wright at 608.729.1221 or firstname.lastname@example.org for more details about the application process.