PARKERSBURG, W. Va. (WTAP) - The Parkersburg Housing Authority's P.R.I.D.E homeownership program purchases homes that need rehabbing.
The housing authority sells the homes to qualified working families. Those families normally have low to moderate income. Potential homeowners then lease the homes for two years while the housing authority works with the families on building their credit.
During the two year period, a portion of the rent is set aside in an Escrow account and potential homeowners can use those funds as down payment to buy the home.
"This program has an advantage, during that two year period, we have the opportunity to educate our client and make them more successful as a homeowner," said Halbert, deputy director.
The housing authority currently has 8 homes available for purchase and tries to insure that buyers will not have to do any major work on the homes for at least 10 years.
The housing authority says a program like this is needed because it helps with the development of the city.
To apply, contact the Parkersburg Housing Authority at (304) 428-6753 and speak with Jeanne Cale.