Serve to Build-Built to Serve
Ascension is committed to revolutionizing Charlotte's affordable housing landscape through innovative approaches centered around homeownership. Unlike conventional perceptions that homeownership is unattainable for low-to-moderate-income individuals, Ascension is making it a tangible reality. With strategic partnerships, innovative financing options, and comprehensive homeowner education programs, Ascension is breaking down barriers and empowering families to achieve their dreams of homeownership.
Our focus on 'for sale' housing ensures that families have the opportunity to build equity, secure stable housing, and ultimately break the cycle of poverty. Through a multi-faceted approach, Ascension is not just providing housing; we're creating thriving communities where residents have a stake in their future and where economic mobility is within reach for all. Now, let's delve into the specific initiatives that define our differentiated approach to attainable homeownership:
1. Diverse-Price Point Development
Ascension specializes in developing mixed-income communities by offering multiple housing types at various price points, all maintaining consistent quality. From single-family homes to multi-family townhomes, every unit reflects our commitment to excellence and inclusivity.
2. Accelerated Home Equity Program
Ascension implements a housing equity accumulation and dispensation strategy for low- and moderate-income families based on their duration of homeownership. The longer a family owns an Ascension-assisted house, the greater share of equity it accrues, fostering wealth-building opportunities and long-term stability.
3. Ascension Homebuying Preparatory Program
Prospective homeowners undergo assessment and evaluation to join the Ascension Homebuying Preparatory Program (AHPP). This program equips participants with essential skills such as credit counseling, budgeting, home maintenance, and wealth-building awareness, empowering them to become savvy homeowners and financially literate community members. Ascension collaborates with organizations to provide comprehensive housing counseling and education aligned with our construction objectives.
4. Property Tax Relief Program
Ascension develops strategies to alleviate the property tax burden for low- and moderate-income families, utilizing available funds to assist families facing financial strain. Additionally, we seek solutions to mitigate the negative impacts of gentrification and displacement on neighborhood residents affected by development.