Homeownership Opportunities To Be Showcased At Housing Fair

April 19, 2010 - PRLog -- GOLDSBORO – With Wayne County reporting 96 new foreclosure starts already in 2010, it’s clear that the housing crisis is still alive and kicking. This news hasn’t discouraged Rebuilding Broken Places CDC (RBP), as they continue finding ways to make homeownership more affordable.

On April 24th, from 10:00 am – 2:00 pm, RBP will host “The Road to Homeownership is Open” Housing Fair at their 2105 N. William Street office, promoting their energy efficient homes in the Faith Estates subdivision. The 15-lot subdivision is located on Orange and Lime Streets in Goldsboro, and is being developed in partnership with the City, utilizing HOME funds and the North Carolina Community Development Initiative.

“Homeownership is a fundamental cornerstone of progressive community development. Families are stabilized, jobs created and communities are empowered” stated Rev. Dr. William J. Barber, II chairman of Rebuilding Broken Places Board of Directors.

There will be opportunities to talk with various bankers and complete a loan application. We will have housing counselors available to talk with individuals concerning their credit and answer their questions.  Those who are able to act quickly may also qualify for the $8,000 federal first-time home buyer tax credit, which ends on April 30th.  There will be representatives from local lending institutions on-site, and attendees can bring along their two most-recent pay stubs, which will help them get prequalified.

Due to the economic recession, many builders are not building new homes unless the buyers are lined up in advance. In many cases, the down payment that is traditionally required to secure a loan can be a barrier to potential homebuyers. RBP has compiled financial resources for qualified buyers, such as down payment assistance and land grants, which make homeownership an achievable goal.

Down payment assistance incentives for qualified Faith Estates buyers include up to $25,000 in deferred, interest-free loan from NC Housing Finance Agency, up to $30,000 from the city of Goldsboro, land grant for $4,570 and $7,500 from Federal Home Loan Bank.


“Our homes are [Advanced Energy] Systems Vision certified, which guarantees your home will be energy efficient, and your electrical bill will stay at a certain low rate. They make sure your house is sealed tight, and they inspect it along the way to make sure the builder is staying to their specs.”, said John Barnes, CEO of Rebuilding Broken Places CDC.

Barnes and his staff would encourage anyone interested in homeownership to attend, even if they know they aren’t ready to buy at this time. Certified housing counselors will be on-site to assist future homeowners in coming up with a plan – whether that means help in cleaning up credit or information on applying for loans – that will get them on the road to buying a home.

Along with the opportunity to speak with housing counselors, other highlights of the day will include a home tour, a prize drawing and refreshments. The home tour will take place at 506 Orange Street, starting at 2:30 pm.

The housing fair is sponsored by NC Community Development Initiative and Cunningham Construction Company.

Note: A flyer for the housing fair is attached. For additional information, please contact John Barnes at 919-581-9178 x 101, or Rev. Dr. William J. Barber, II, at 919-394-8137.

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Rebuilding Broken Places Community Development Corporation (RBPCDC) is a 501c (3) faith- based non-profit organization formed in 1996 with the mission to raise the economic, educational and social levels of the low to moderate income families of Goldsboro, Wayne County through effective use of partnerships with business, public and community service agencies.