The 1441 Spring Road NW affordable homeownership project : Washington, D.C.

dc.contributor.advisorCamayd-Freixas, Yoel
dc.contributor.authorCristaldo, Mario
dc.description.abstractManna Inc. proposes to develop an affordable homeownership project in the Columbia Heights neighborhood for thirteen residents of Washington, D.C. Participants of the project will buy affordable units in a newly renovated building in 24 months. Working under the auspices of Manna Inc, we will raise financial support through foundations, private financial institutions, and city government agencies to develop a three-story building. Four tenants who are organized in a tenants association occupy this building. Manna Inc has an affordable housing program that will work with members of the 1441 Fernwood Tenants' Association and other members of the homebuyers club as well as any other low or mid-income family who meet the requirements of the project. Manna Mortgage Corporation, a subsidiary of Manna Inc, will prepare these individuals and families to pre-qualify them for their mortgages after they have completed an individual mortgage readiness program. Tenants and other potential homeowners will also meet regularly with various Manna staff to secure support for the project within the community, among elected and city officials and other stakeholders. Tenants will participate in training sessions for capacity building in a pre and post purchase program. We will evaluate the success of this project by determining: A) Number of the initial tenants who completed the individual mortgage readiness program (measured as qualifying for a mortgage). Some of them will be buying with copurchasers. B) Participation of tenants in meetings with Manna Inc and training sessions and with the homebuyers club (HBC). C) Number of tenants buying a unit in the building and becoming homeowners. (Author abstract)en_US
dc.description.bibliographicCitationCristaldo, M. (2006). The 1441 Spring Road NW affordable homeownership project: Washington, D.C. Retrieved from http://academicarchive.snhu.eduen_US
dc.description.degreeMaster of Science (M.S.)en_US
dc.description.schoolSchool of Community Economic Developmenten_US
dc.digSpecsCreation software: Adobe Acrobat Professional 9.3en_US
dc.format.extent1553482 bytesen_US
dc.publisherSouthern New Hampshire Universityen_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsAuthor retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.rightsHolderCristaldo, Marioen_US
dc.subject.lcshSouthern New Hampshire University -- Theses (Community Economic Development)en_US
dc.subject.otheraffordable housingen_US
dc.subject.otherhomebuyer assistanceen_US
dc.subject.otherWashington, D.C.en_US
dc.subject.otherDistrict of Columbia (US)en_US
dc.titleThe 1441 Spring Road NW affordable homeownership project : Washington, D.C.en_US
dc.title.alternativeThe 1441 Spring Road Northwest affordable homeownership project : Washington, D.C.en_US
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