The Homeownership Readiness Program helps individuals and families prepare financially and practically to purchase a home. The program combines education, one-on-one coaching, and personalized planning so participants understand the homebuying process and are financially prepared to become successful homeowners.

 

The goal is to help families move from renting or uncertainty into stable homeownership with the knowledge, credit, and financial foundation needed to purchase and sustain a home.

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Access Includes:​

• Homebuyer education and readiness assessments

• Connection to vetted lenders, realtors, and down payment assistance programs

• Ongoing one-on-one coaching on the steps from renting to owning

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What’s Included in Delivery:

• 3-month guided ownership readiness program for up to 25 participants

• One on one sessions for participants

• Participation in our First-Time Homebuyer Cohort

• Resource directory with grant and funding opportunities

• Certificate of completion for participants ready to take the next step

• Free HUD certified first time homebuyers class

• Co-branded workshops with lenders and realtors

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Program Topics: Participants will learn practical skills related to preparing for homeownership, including:

• Understanding the homebuying process

• Mortgage basics and loan options

• Credit review and strategies to improve credit

• Budgeting for homeownership

• Saving for a down payment and closing costs

• Understanding housing affordability

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• How We Administer It:​

• Community-Based Locations – Services are delivered at partner community organizations such as nonprofits, churches, schools, or community centers.

• Scheduled Workshops & Classes – Homeownership, credit, and foreclosure-prevention education is delivered through structured group sessions.

• One-on-One Support – Participants can meet individually with Bailey Project staff for personalized guidance and action plans.

• Virtual Access – Coaching sessions and workshops can also be offered online to increase access.

• Set Office Hours – The Bailey Project staff hold regular office days at each hub for drop-in support, follow-up, and ongoing assistance.