I was simply paying someone else’s mortgage-now I’m paying my own!
Waltniesha Kent was a young woman with a dream: homeownership by age 30. Why? The usual reason: To gain stability for herself and her family. Thanks to a wide-ranging partnership—Proud Ground, the Portland Housing Bureau, Community Frameworks, Wells Fargo, the African American Alliance for Homeownership, and the Portland Housing Center—Niecy realized her dream, with two years to spare.
“I’ve always known I wanted to purchase a home at a young age,” Niecy explains, “and once I had a child it was important for me to lay a foundation for her future.” She goes on, “Now my daughter will see that anything is possible, and she will always have a place to come back to and call home.”
Niecy has worked for Multnomah County for more than six years; she makes a decent living and supports her 3-year old daughter, Kaliyah. She had the credit score and the income to qualify for a mortgage, but she was priced out of the market. Says Niecy, “I was living in an apartment and my rent continued to rise each year. I was simply paying someone else’s mortgage and now I’m paying my own! In fact, my mortgage is less than what I was paying renting.”