IDA Success Stories: Homes

In 2001, the Butlers, parents of two, wanted to make the move from living with in-laws in a one bedroom apartment to a home of their own. After hearing about the IDA Program through their local congregation, they enrolled and participated in Money Management Training as a couple. Deeply motivated to save for their down payment in record time, they bought their first co-op in 2002.

Marilyn Serrano, Homeowner

Marilyn, a NYC public school teacher, purchased her first home using both IDA Program savings as a down payment and assistance through the Mount Hope Homes Project. After completing required financial literacy and homeownership training coursework, she was able to use new skills to successfully negotiate the purchase of a newly-renovated, subsidized two-family home.

Arnulfo, a livery cab driver, purchased his two-family home with assistance from both the IDA Program and the Mount Hope Homes Project (property shown below)—a real estate development initiative that brought affordable, newly-renovated homes to the Mount Hope neighborhood… a perfect partnership to make homeownership a reality.