Neighborhood Housing, Inc.'s (NHI) new home program has recently completed three new construction homes in the Knoxville area.
NHI believes that homeownership enriches our city and our neighborhoods by building and strengthening relationships in our communities. Families with low to moderate income often feel they will never accomplish the dream of owning their own home. NHI’s Homebuyer Readiness Program works with families to help them realize that their homeownership dreams are within reach.
"The benefit of purchasing a home through NHI is the homeowner gets included in the process," said Adam Montgomery, Director of Neighborhood Housing, Inc. "The Homebuyer Readiness Program lays the foundation for successful homeownership, but also teaches lifelong financial habits that encourage saving for incidentals and living within your means.”
Down payment assistance through NHI makes a new home a reality. Through this financial assistance and the homeowner's hard work NHI home ownership can happen.
Russell Catron, NHI’s Homebuyer Coordinator, partners with qualifying individuals and families to create a personalized, step-by-step financial plan towards purchasing an affordable, high quality home. The step-by-step program helps prepare future homeowners for success by:
“With the energy-efficient, high-quality materials that exist today, we’re able to provide truly affordable homeownership options for almost any income,” said Russell Catron. “Thanks to partnerships with the City’s Community Development Department, East Tennessee Foundation and many others we can build these homes and impact not only a family through the dream of homeownership but a community as well.”
Neighborhood Housing, Inc. partners include City of Knoxville, Knox County, East Tennessee Foundation, Pinnacle Bank, Federal Home Loan Bank of Cincinnati and Tennessee Housing Development Agency.