metcalfe park owner initiative

Partnering with the Urban League, Gorman & Company developed a lease purchase program aimed at increasing homeownership on scattered sites throughout a challenged city neighborhood. Residents renting one of the thirty 2-4 bedroom newly constructed single family homes have the opportunity to purchase at a substantial market discount at the end of a fifteen-year tax compliance period. This neighborhood gives long-term residents the opportunity to share in the equity at the time of purchase and gives them the opportunity to build credit and homeownership skills prior to owning a home.

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Rental Information
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