Part of PCRI’s vision is to provide services that help our residents gain the tools needed to become stable, self-sufficient and eventually build wealth. While we have residents in every area of the continuum between stability and wealth building, the ultimate wealth-building goal of our residents is often to buy their own home, building equity and wealth that can be passed on to younger generations.
Residents who become first-time homebuyers provide some of the success stories that exemplify PCRI’s vision of self-sufficiency and wealth building. The LaRose family is one of those success stories.
Before their recent home purchase, the LaRoses lived in a PCRI rental home for two years. Understandably, they are excited to be homeowners. Mr. LaRose (pictured below) summed it up this way: “I am no longer paying someone’s mortgage with my rent payments. Now I am paying my own mortgage and adding value to my own net worth.”
PCRI’s Homeownership Program helped the LaRoses navigate the sometimes complicated path to ownership, providing direction, one-on-one consultation and support.
One facet of that support was particularly meaningful for Mr. LaRose.
“Don’t let past mistakes with your credit deter you,” he said. “Sit down with a homeownership counselor and determine where you are at and where you need to be.”
PCRI’s free Homeownership Program, financial education workshops and culturally-specific individual counseling opportunities are available to all PCRI residents. More information is available on in the Services area of our website or by calling our office.
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Portland Community Reinvestment Initiatives Inc.
6329 NE Martin Luther King Jr. Blvd. Portland, OR 97211
Tel: (503) 288-2923 Fax: (503) 288-2891
PCRI is a 501(c)(3) non-profit community development organization providing affordable rental housing to low-income families, primarily in North and Northeast Portland. Since 1992, PCRI's vision has been to provide affordable housing and associated services that achieve family stability, self-sufficiency and wealth creation.