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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 Cape Cod style home located on a cul de sac on Madison’s North Side (1402 Packers Ave). Refinished hardwood floors, new blinds, new refrigerator, freshly painted and a fully remodeled bathroom. The Urban League will be offering a 20% gift of equity to a qualified applicant making the loan amount needed around $125,000. The home has a detached one car garage, fenced backyard and a deck off of the dining room area. The basement has a lot of room for storage and washer/dryer hook ups. Conveniently situated close to bus lines, shopping and schools. Please contact Vickie Wright at 608.729.1221 or [email protected] for details about qualifying to purchase this property.