SPRINGFIELD, Mo. (SBJ) —
In a city where only 42% of homes are owner occupied, one organization is trying to change the math.
Restore SGF, whose stated mission is to help families achieve dreams of homeownership, is helping to fund home purchases in five of the city’s historic neighborhoods through its Down Payment Assistance Program. The program offers $9,000 to first-time homeowners whose income is up to 150% of the area’s median income. Buyers are not required to pay the money back if they reside in the home for at least five years.
Alyssa and Michael McDaniel signed the first contract for a home purchased through the program on March 20, and they moved into the Doling Park East home with their children Nevaeh, 4, and Brixton, 1, right away.
“It’s just perfect for us,” Alyssa McDaniel said. “The neighbors are so friendly.”
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