PMAR Presents Oregon Home Foundation Grant to PCRI

January 23, 2017 · by pcriadmin · Featured, Pathway 1000, PCRI
PCRI

Cheryle Clunes, 2017 PMAR Vice President Member Services (left) and 2017 PMAR President Kerri Hartnett (right) presented the grant to PCRI’s Travis Phillips and Linda Tellis Kennedy at a January 20 event.

On January 20, The Portland Metropolitan Association of Realtors (PMAR) presented an Oregon Home Foundation grant for PCRI’s homeownership education program. The grant will help support increased attendance in PCRI program as well as development of ongoing post-purchase support programs.

“Homeownership is the most effective way for most families to achieve and retain stability within their community,” said Andrea Debnam, PCRI’s Manager of Resident Services. “This grant will help PCRI clients realize their dreams and build assets through homeownership, breaking cycles of poverty.”

PCRI, whose vision is to help low-income families achieve stability and build wealth, shares the Oregon Association of Realtors HOME Foundation’s belief in the incredible value of homeownership to break generational cycles of poverty. PCRI also understands that education and support prior to purchase are key to the long-term success of first-time buyers, especially for PCRI’s target population of African Americans who have been disproportionately excluded from homeownership.

Since 2004, PCRI has successfully provided culturally-specific homeownership education, counseling services, and financial assistance to low- and moderate-income residents living in PCRI housing and in the larger community. Interest in PCRI’s homeownership program has nearly doubled in the last year and, with increased development of homes for purchase associated with the Pathway 1000 initiative, attendance is expected to continue to increase. The Oregon Home Foundation grant will help PCRI meet increased service needs as well as develop new programs.

The Homeownership Opportunities Website Northwest (HOW NW) sponsored by PMAR provides additional resources for buyers without charge or obligation. In addition to PCRI’s education services, buyers are encouraged to visit the HOW NW website to learn more about buying, owning and retaining a home.

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