Homeownership Redefined: Empowering Low-Income Borrowers [Video]

For decades, prospective low- and middle-income borrowers played by the rules and watched helplessly as archaic, racist lending formulas systematically squashed their hopes of homeownership.

No more.

On Sept. 19, Ready Life will launch a pilot program in Cleveland, Ohio, that reimagines the home buying process by replacing monetary down payments with comprehensive financial literacy education.

Traditional financial services solutions drain overlooked communities, perpetuating a cycle that siphons hard-earned dollars and hamstrings community reinvestment. By contrast, Ready Life’s people-focused homeownership program emphasizes a borrower’s cash flow and reimagines wealth generation and preservation strategies for underserved households long denied the financial stability – and investment vehicle – of homeownership.

Using technology, our efforts are mindfully designed to drive systemic change in the financial and housing sectors. Our Cleveland pilot program epitomizes our commitment to impactful community reinvestment by promoting financial inclusion and fostering scalable, sustainable economic growth for underserved communities nationwide.

In April, Construction Coveragedata indicated …