Service Enriched Housing (SEH) is an innovative housing program for low-income families dedicated to the pursuit of financial stability and homeownership. SEH provides safe and affordable housing for 30 families.
Families work collaboratively with the program manager to address credit obstacles, debt, and the necessary steps to becoming a homeowner.
Service Enriched Housing’s innovative rent model enables families to save money while paying rent that is well below fair market value. Residents are changed 30% of their gross income for rent. Any amount over $550 is placed directly into an individual escrow account for each resident. During the 2019-2020 fiscal year, the residents saved a combined total of $63,778 in their escrow accounts.
In addition to those, the program manager facilitates a “Homebuyer’s Club” twice annually that is open to all participating Adopt-A-Family clients. The class effectively prepares students in the areas of home buying such as finance, budgeting, and credit counseling.
Click to read a recent homeownership success story, Karla Thompson, and her family.