F.R.E.E.D.O.M. Affiliate – Denver Ministerial Alliance
SEN. ALLARD, DENVER MAYOR JOIN IN LAUNCH OF FAITH-BASED HOMEOWNERSHIP EFFORT
Denver Initiative Links Outreach, Credit Literacy to Flexible Mortgages
The Denver HomeOwnership Transformation Initiative brings together the community-based expertise of F.R.E.E.D.O,M. with the financial strength of Wells Fargo Home Mortgage, Cherry Creek Mortgage, Colorado State Bank and Trust, and Freddie Mac – one of the nation’s largest investors in residential mortgages. “The goal of this initiative is to reach out to the Denver community to improve financial literacy and increase home ownership,” said U.S. Sen. Wayne Allard (R-Colo.), author of the American Dream Down payment Act and chairman of the Senate Subcommittee on Housing and Transportation. “Making home ownership attainable is a key to ensuring prosperity for our community, our nation and for individual families in the years to come. By joining forces, we can bring the American Dream of home ownership to more families than ever before.”
This new initiative will prepare and educate more African-American families for homeownership through free counseling and will provide them access to very low-down payment mortgages.