Mell paid $1,000 in closing costs plus other fees associated with the purchase, and — in a major piece of making it possible — received $42,000 in gift equity through the program to use as a down payment on the $130,000 mortgage from U.S. Bank. The gift equity represented the home’s increased value during the nearly 11 years she lived there, plus the four years that a previous participant who quit the program had rented it.The "special program" you are paying.
Saturday, August 30, 2014
Urban League program offers tenants a path to home ownership
Wisconsin State Journal reports on socialism: