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(a partnership between Model Cities Community Development Corporation and Aurora St. Anthony Neighborhood Development Corporation) Description: MCASA Homes develops new-construction and rehabilitation home-ownership opportunities that target families with annual household incomes at or below 80% of the Area Median Income (no more than $62,000). MCASA Homes markets to families who have had previous difficulty qualifying for conventional mortgage financing, primarily due to debt-related issues and/or low credit scores. Consequently, these families require support services (e.g., home ownership training, housing counseling and debt counseling) in order to stabilize their finances and prepare them for home ownership. MCASA Homes are sold on either a contract-for-deed or a lease-to-purchase basis, depending on the needs of the purchaser. MCASA has constructed six single-family homes located in the Summit-University neighborhood, which are currently occupied. Contact MCASA for information about additional home ownership opportunities and eligibility requirements. For more information, contact: |
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