Page 2
January 2004
The AC Phoenix
Sunbridge, Waybridge Lane
BRING YOUR FAMILY HOME
TO ONE OF OUR HOUSES
Does your New Year’s resolution include buying your first home, your
second home, or a house that would be big enough for your aging
parents to live with you or next door? Do you wonder if you have enough
money for the
downpayment
or to pay the
monthly pay
ments? Are
your worried
about your
credit? Do you
know where to
start?
The good
news is there is
an organiza
tion called the
Housing
Partnership of
Winston-
Salem/Forsyth
County that can help you. So what is the Housing Partnership? It is a
nonprofit organization that develops new or rehabilitates existing
“affordable” housing for sale to area families with modest incomes. It
also helps prospective homeowners prepare for the home buying
process through a series of workshops and one-on-one counseling
offered by its “sister” organization, the Center for Homeownership.
And best of all, the Housing Partnership and its lending partners
(local banks, the city and county) offer very special financing
programs, including some grant money for eligible buyers, for first
time homebuyers with low to moderate incomes to make the homes
affordable and our staff will be your guide through the process so you
don’t have to do it alone.
Okay, you say. But how much do I need to pay up front, where are
the houses, and what will be my monthly payment? A lot depends
on your particular financial situation and the loan products you
choose. But generally. Housing Partnership buyers have to place
$1,250 as a downpayment and up to another $1,000 toward closing
costs. We have choices of locations where you can buy your home,
but in order to get our special financial assistance, you would need
to buy in one of our developments. Our new subdivisions are in five
locations in Winston-Salem and one in Kernersville and we have four
existing homes that we have rehabilitated that are for sale in
Winston- Salem. The houses are really nice, too, with three or four
bedrooms, two baths, and the usual kitchen, laundry area, dining
room, living room, front porches, patios, and a landscaped yard. If
you can afford it, some houses have extras like garages, fireplaces,
garden tubs, and vaulted ceilings. You get to choose from a list of
builders and he or she will build a house to meet your needs. We
can’t realiv sav what your monthly payment will be because that
» rf .y sr.« i.. N'S ?«•■> A 4 4 V ^ 4 *'.'v
depends on the house you choose to meet the needs of your family and
your budget. Our special financing is what makes the difference and keeps
your mortgage payment including taxes and insurance about 30% of your
pay before taxes. And, if you are in the process of buying a home through
the Housing Partnership, we offer a free tax preparation service to make sure
you get the earned income credit and any other credits for which you may
be eligible. This could mean you get more money back with your tax refund
and for those who choose the advanced earned income credit, you should
get more money in your paycheck, too. You can use that tax return as the
downpayment on your new home.
The Housing Partnership staff is ready to help you realize your dream of
homeownership. If we can’t help you, we will point you in the right direction.
You’d be surprised at how many programs that are available to help. You
owe it to yourself and to your family to call and get started on the path to
homeownership. If you want to be inspired, drive out to Esquire Place, one
of our developments. To get there, drive north on Reynolda Road to
Shattalon Drive and take a right. Go two blocks east to Squire Road and
take a right. Go one block and cross Morningside Drive. You will see a sign
for Esquire Place. Also, take a look at Sunbridge Place II, our in-town sub
division located in the 1000 block of Sunset Drive which is off Academy
Street near Peter’s Creek Parkway. Then give us a call at 725-8704 Ext. 102
or 104.
As one of our homebuyers said “just imagine five persons living in a home
and only one working. To purchase this home is nothing but a miracle for
me and my family. That’s why the name of my home will be the Miracle
House.”
Happy New Year,
Jane Milner, Olivia Gaddy, dare Wallace and Carrie Chandler and the
Board of Directors of the Housing Partnership.
An Associate Consultant’s Newspaper
Established 1982
Rodney J. Sunnier, Publisher
Sartia Stover, Managing Editor
Ann R Sumler, Rnancial Director
Kenneth Archie, Asim Razzak, Kenneth Fox
Advertising Consultants
Dr. Linda Bowman-Hopson
Education Editor
Ideas expressed in this publication are not necessarily those
publisher or stafL (336) 727-1 I7i fax (336) 723-1606
e-mail: acphoenix@triad.rr.com
Have the AC Phoenix delivered for $25 for 12 issues.
Yes, I want to receive my AC Phoenix each month.
Name
Address
City
State
Zip.
Return this coupon to:
The AC Phoenix, Circulation Department
R O. Box 17627, Winston-Salem, NC 27116
A voluntary payment of $25 per year is requested to defray delivery expenses.
Make checks payable to the AC Phoenix. Date: .