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Homeownership Assistance and Preservation

Homeownership Assistance And Preservation

At Restoration, our financial counselors can help you achieve your homeownership dreams.

Homeownership Assistance

Homeownership is a crucial way for Americans to build and pass on intergenerational wealth. However, the widening racial wealth gap in the U.S. is largely driven by declines in African American homeownership. Nationally, 73.7 percent of white households own their homes while 44 percent of African Americans own their homes. In NYC, 67 percent of white households own their homes while 32 percent of African American households are homeowners.

Restoration provides tailored services to both first-time and existing homeowners so they can grow their financial assets for themselves and their families.

First-time Homeownership

With the support of our Financial Counselors and our Home Ownership counselor we can help you:

  • Get your finances in order so you can save for the down payment.
  • Bring your credit to it’s highest score.
  • Educate you on how to be mortgage ready.
  • Explain the many down payment assistance, matching grants, tax incentives and bank programs to optimize financing.
Aerial view of neighborhood
Home Preservation

Home Preservation

A home is a valuable asset and requires maintenance and support to ensure it maintains its value. Restoration helps homeowners in the following ways:

  • Access to grants for Covid-Emergency mortgage support
  • Get your finances in order so you can take advantage of the best interest rates.
  • Weatherization support to lower costs and increase sustainability.
  • Connect distressed African American homeowners with potential African American purchasers.