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Agency Rehabs Homes in Canton Township for Low-Income Families to Receive Homeownership

Wayne Metro has recently dropped the sales price to $90,000 for two homes in Canton Township  that we rehabilitate through the Neighborhood Stabilization Program. Through Wayne Metro’s NSP Program, low-income individuals and families can achieve homeownership in a safe and affordable home.
            canton_nsp_house_2           CantonNSPHouse1
The Neighborhood Stabilization Program helps to strengthen communities through the demolition or rehabilitation of abandoned, vacant or foreclosed homes. Homes are then sold to low and moderate income families.
Wayne Metro’s Neighborhood Stabilization Program supports and revitalizes communities through the rehabilitation of blight properties while also assisting low-income families achieve homeownership. To date, Wayne Metro has successfully rehabilitated 37 homes in Canton, Ecorse, Lincoln Park and River Rouge.
To qualify for either of the rehabilitated homes in Canton Twp., individuals or families must meet income guidelines (see below), take part in a 8 hour Homebuyer Club class, be pre-qualified for a mortgage and have $1,500 for a down payment. Persons that are early on in the homebuyer process can work with an Agency Housing Counselor to create a plan to become mortgage ready. Wayne Metro can also provide down payment and closing costs assistance for eligible homebuyers to make the homes affordable.
     Number of Members                          Annual Income
          in Household
                    1                                               $22,550
                    2                                               $25,800
                    3                                               $29,000
                   4                                              $32,200
                   5                                               $34,800
                   6                                              $37,400
Through the various incentives offer, a family of two, with a household income of $23,500 could potentially achieve homeownership through the Agency’s Homebuyer Assistance Program.
Persons interested in these homes that fall within the income limits and are pre-approved for a mortgage of $65,000 should contact our realtor, John Keresi at (734) 675-7500 to learn more about the homes. Person that are just getting started and want to take part in the agency’s Homebuyer Club classes can click here to sign up.
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