College CDC offers path to homeownership

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Saint Augustine's University’s Community Development Corporation (CDC) is helping local residents get on track to buy their first home through its Homeownership Institute. The CDC works with community partners to offers classes such as financial literacy, credit repair and debt counseling.

“A lot of people have credit issues, but many of us don’t realize that the problems are not that major, and there are people out there who can help clean it up,” said Brenda Williamson, CDC program coordinator. “It might take three to six months to clean it up or it might take two to four years. If you don’t start, you’ll never finish.”

The goal of the Homeownership Institute is for participants to finish mortgage ready. But even if they aren’t ready to buy a home at the end of the 12-week course, Williamson said they will at least be closer to buying a home than they ever were before.

“This is a chance to change their future,” Williamson said.

Those who participate may also be eligible for the city of Raleigh’s mortgage assistance.

The institute is free. The next information session is at 6 p.m., Tuesday, Aug. 30, at the CDC office, 311 N. Tarboro Road. For more information, call 516-4754.