FORT WAYNE, Ind. (Indiana’s NewsCenter) – Community Action of Northeast Indiana, community leaders and Fort Wayne residents cut the ribbon on a new housing development created to provide lease-to-own opportunities for lower income families.
Located off Reservation Drive in Waynedale, Hopewell Pointe officially opened its doors for the Fort Wayne community to see. Hopewell Pointe is comprised of 35 lease-to-own homes, most of which are three bedroom and four bedroom properties. Families occupying these homes sign year-to-year leases and are given the option to purchase the home after 15 years.
Melinda Bruner is one of the new residents at Hopewell Pointe. She says she began her journey to the new development back in December when she camped out for an entire weekend for the opportunity to be on the list for Hopewell. Bruner packed her Dodge Durango with all of her belongings, brought some candles, an electric grill and made the most out of what she hoped would be a life changing experience.
“My son would come over. He would relieve me to go do my thing, get food, what have you. My sister brought me food and drinks. A friend of mine brought a projector over. We watched a movie. There were probably 50 of us out there.”
It was during her camp out for Hopewell Pointe that Bruner met many of her new neighbors. Despite different backgrounds, Bruner says all 35 residents share the dream of owning a home.
“It is a dream to own my own home. It’s very nice to come in here. Everything’s brand new—all your appliances. You walk in and you’ve got that new smell. I have an autistic son, and for him to able to come in here—it’s not a real cramped space, he’s got his own area now—it’s very nice to have the area to run, to have a stable environment that I can raise my children in and they get their education.”
Another Hopewell Pointe resident sharing in today’s excitement was David Bishop, who moved into the development about six weeks ago. With his two children, Bishop also says he has been afforded an excellent opportunity to build credit and have solid assets.
“After the 15 years, they give us a chance to take over ownership on a home and become a homeowner and that's always great. You know, coming from an apartment into a house—it gives us a little bit more flexibility.”
Each month, $20 is taken out of a resident’s rent towards the closing cost on the home. After 15 years, that equates $3,600 towards closing costs. Three bedroom homes are $534 each month and four bedroom homes go for $576 each month. Currently there are 258 people on the waiting list.
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