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NCST’s work increases access to homeownership, promotes resilient neighborhoods, and advances racial equity by advocating for policy change.
Longtime NCST Buyer Partner, New Hope Community Development in Detroit, MI completed a major transformation on this Freddie Mac NSI First Look property located in Pontiac, Michigan. Originally built in 1929, this 1436 square foot bungalow style home with three bedrooms, two bathrooms underwent just over $53,000 in renovations. New Hope updated the kitchen with all new shaker style cabinets, granite tops and premium stainless steel appliances. They also refurbished the hardwood floors and added new flooring and paint throughout. Updated plumbing/electrical were completed along with the installation of new windows and doors. New Hope also updated the bathroom with custom tile and a new vanity top.
Renovations continued into the basement which received dry lock waterproofing, new paint, and an updated bathroom. Final exterior touches included a new deck, new garage door and driveway repairs making this a complete transformation. New Hope not only completed a phenomenal rehab on this property but also overcame a number of challenges due to COVID to make this a success.
New Hope CDC provided a beautifully renovated home and also provided $3,000 in seller contributions, in addition to a price discount of $7,000. Their new buyer income qualified at 80% of the Area Median Income and is delighted to have purchased this home in historic Ottawa Hills. This home was even more special for this homebuyer who now lives just down the street from his childhood school and other family members. Located in Oakland County, this home is close to major freeways and minutes to Telegraph Road and Orchard Lake Road making it an ideal location for this new homeowner.
NCST’s work increases access to homeownership, promotes resilient neighborhoods, and advances racial equity by advocating for policy change.