Lifting Families Out of Poverty Through Homeownership

 
Homeownership is one of the biggest "hand-ups" you can give to help lift a family out of the cycle of poverty.  Community 4:12 is replicating the Bryan House model through Emmanuel House to help families in East Aurora become homeowners.

Homeownership Builds Successful Children (compared to children of renters of the same age, income & race):  Children of homeowners are:  25% more likely to graduate high school; 116% more likely to graduate college; have higher math & reading scores.

Homeownership Builds Wealth for Low Income Families: Homeowners are 12 times wealthier than renters of same income, age & race; and accumulate an average of $44,000 in home equity in first 10 years of homeownership.

Homeownership Builds Stronger Communities: Homeowners are 28% more likely to repair or improve their homes; 15% more likely to vote; and homeowners will live in the same community 4 times longer than renters--providing both community & family stability.

Thy Bryan House model allows families to rent an apartment for 12 - 18 months.  The rent they pay during that time is re-invested for them so that at the end of their lease, they have enough money saved for a downpayment on their own home.  We aim to acquire more than a dozen apartments in East Aurora in the next year that will be used to help families break the cycle of poverty.

Join us for the Bryan/Emmanuel House Silent Auction on Friday, November 19th at 7:00 pm at the Yellow Box in Naperville to help us raise money for the purchase and upkeep of apartment buildings in East Aurora.  A great way to buy Christmas presents AND support a life-changing cause!

 

Comments

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